Repeated outbreaks in China, coupled with high international crude oil prices, have worsened the loss making civil aviation industry. In the first quarter of 2022, the total quarterly losses of the three major airlines Air China Limited(601111) ( Air China Limited(601111) ), China Southern Airlines Company Limited(600029) ( China Southern Airlines Company Limited(600029) ), China Eastern Airlines Corporation Limited(600115) ( China Eastern Airlines Corporation Limited(600115) ) exceeded 20 billion yuan.
On April 29, China Eastern Airlines Corporation Limited(600115) released the first quarterly report of 2022, which showed that during the period, the company realized an operating revenue of 12.665 billion yuan, a year-on-year decrease of 5.45%; Net profit loss of 7.76 billion yuan; Basic earnings per share -0.41 yuan / share.
On March 21, 2022, a Boeing 737 passenger plane of Yunnan Co., Ltd., a subsidiary of China Eastern Airlines Corporation Limited(600115) crashed while carrying out the mission of Kunming Guangzhou flight. The operation data of March disclosed by the company also showed that during the period, the company’s passenger transport capacity investment (calculated by available seat kilometers) decreased by 62.35% year-on-year, of which the passenger transport capacity investment of China, international and regional routes decreased by 63.07%, 38.8% and 11.48% year-on-year respectively; Passenger turnover (calculated by passenger kilometers) decreased by 69.32% year-on-year, of which the passenger turnover of China, international and regional routes decreased by 70.01%, 16% and 35.91% year-on-year respectively; The occupancy rate was 59.43%, a year-on-year decrease of 13.5 percentage points, of which the occupancy rate of Chinese and regional routes decreased by 13.88 and 14.55 percentage points respectively year-on-year, and the occupancy rate of international routes increased by 13.38 percentage points.
For the significant loss of performance in the first quarter, China Eastern Airlines Corporation Limited(600115) said that it was mainly due to the decline in passenger transport market demand affected by covid-19 pneumonia, the high price of aviation fuel and the significant increase in aviation fuel cost compared with the same period last year.
The first quarterly report of 2022 previously released by Air China Limited(601111) , China Southern Airlines Company Limited(600029) also showed a significant downward trend in performance. Among them, China Southern Airlines Company Limited(600029) in the first quarter, the operating income was 21.471 billion yuan, the net profit loss was 4.496 billion yuan, and the basic earnings per share was -0.27 yuan / share Air China Limited(601111) in the first quarter, the operating income was 12.918 billion yuan, the net profit loss was 8.9 billion yuan, and the basic benefit per share was – 0.65%.
In 2021, the three major airlines suffered losses of more than 10 billion. The Air China Limited(601111) net loss reached 16.64 billion yuan, an increase of 15.48% over the previous year China Southern Airlines Company Limited(600029) the company had a net loss of 12.103 billion yuan, an increase of 1.261 billion yuan over the previous year China Eastern Airlines Corporation Limited(600115) company’s net loss reached 12.214 billion yuan, an increase of 380 million yuan over the previous year.
While the performance of the airline company has declined, the performance of the airport is not optimistic. On April 29, Shanghai International Airport Co.Ltd(600009) ( Shanghai International Airport Co.Ltd(600009) ) disclosed that the first quarterly report showed that during the period, the company realized an operating revenue of 841 million yuan, a year-on-year decrease of 2.94%; Net profit loss of 509 million yuan; Basic earnings per share -0.26 yuan / share.
The first quarterly report released by Guangzhou Baiyun International Airport Company Limited(600004) ( Guangzhou Baiyun International Airport Company Limited(600004) ) that night showed that during the period, the company realized an operating revenue of 1.239 billion yuan, a year-on-year increase of 4.51%; Net profit loss of 827022 million yuan; Basic earnings per share -0.03 yuan / share.
Previously, Shenzhen Airport Co.Ltd(000089) ( Shenzhen Airport Co.Ltd(000089) ) disclosed that the first quarterly report of 2022 also showed that during the period, the company achieved an operating revenue of 648 million yuan, a year-on-year decrease of 17.65%; The net profit loss was 299 million yuan, down 697.96% year-on-year.
Shenzhen Airport Co.Ltd(000089) said that during the reporting period, the company was seriously affected by the epidemic of novel coronavirus pneumonia, and passenger throughput and take-off and landing sorties decreased significantly year-on-year, resulting in a year-on-year decline in the company’s operating revenue, total profit and net profit attributable to shareholders of the listed company.
Compared with the civil aviation industry, Beijing-Shanghai High Speed Railway Co.Ltd(601816) ( Beijing-Shanghai High Speed Railway Co.Ltd(601816) ) announced on April 29 that the company achieved an operating revenue of 5.679 billion yuan in the first quarter of 2022, a year-on-year decrease of 1.13%; The net profit was 220 million yuan, a year-on-year decrease of 31.57%; The basic earnings per share was 0.0045%, down 31.82% year-on-year.
