UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of March 2020

Commission File Number: 001-14550

 

 

China Eastern Airlines Corporation Limited

(Translation of Registrant’s name into English)

 

 

Board Secretariat’s Office

5/F, Block A2, Northern District, CEA Building

36 Hongxiang 3rd Road, Minhang District

Shanghai, China 200335

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  ☒  Form 20-F    ☐  Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:    ☐  Yes    ☒  No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a 

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  China Eastern Airlines Corporation Limited
             (Registrant)
Date March 19, 2020   By  

/s/ Wang Jian

    Name:   Wang Jian
    Title:   Company Secretary

 

2


Certain statements contained in this announcement may be regarded as “forward-looking statements” within the meaning of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this announcement represent the Company’s views as of the date of this announcement. While the Company anticipates that subsequent events and developments may cause the Company’s views to change, the Company specifically disclaims any obligation to update these forward-looking statements, unless required by applicable laws. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this announcement.

 

3


Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

 

LOGO

INSIDE INFORMATION

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT ON OPERATING DATA FOR FEBRUARY 2020

 

This overseas regulatory announcement is made pursuant to Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

China Eastern Airlines Corporation Limited (the “Company”) and all members of the board of directors confirm that the information contained in this announcement is true, accurate and complete, and no misrepresentations, misleading statements or material omissions are contained herein.

 

I.

OPERATIONS

In February 2020, the Company’s passenger transportation capacity (measured by available seat-kilometres) decreased by 72.66% year-on-year, among which, the passenger transportation capacity of its domestic, international and regional routes decreased by 77.99%, 61.74% and 84.21% year-on-year, respectively; passenger traffic volume (measured by revenue passenger- kilometres) decreased by 83.74% year-on-year, among which, the passenger traffic volume of its domestic, international and regional routes decreased by 88.47%, 73.85% and 92.82% year-on-year, respectively; and passenger load factor decreased by 34.24 percentage points year-on-year to 50.28%, among which, the passenger load factor of its domestic, international and regional routes decreased by 40.76, 26.23 and 43.73 percentage points year-on-year, respectively.

Since the beginning of 2020, the novel coronavirus (COVID-19) epidemic has been spreading rapidly worldwide. Certain countries and regions have been increasingly affected by the epidemic. The novel coronavirus (COVID-19) epidemic had a significant impact to the transportation industry where the Company operates, and the demand and willingness of passengers to travel have been significantly reduced. The Company timely adjusted its operating strategies, such as suspending or adjusting the operation of certain flights, timely organised special charter flights to the severely infected areas for rendering support, enhanced epidemic protection for passengers and employees, and strengthened the transportation of epidemic prevention materials. The Company will actively optimise and adjust its transportation capacity deployment in the future based on the progress of prevention and control of the novel coronavirus (COVID-19) epidemic and the recovery of market demand.

 

1


In relation to freight transportation, the freight transportation business of the Company only consists of bellyhold space freight operated through passenger aircraft, and such business is under contractual operation by a subsidiary of the controlling shareholder of the Company. Freight load volume in February 2020 decreased by 57.83% year-on-year.

In February 2020, the Company did not launch any new routes.

 

II.

FLEET STRUCTURE

As at the end of February 2020, the Company operated a total of 724 aircraft, including 262 self-owned aircraft, 262 aircraft under finance lease and 200 aircraft under operating lease.

As at the end of February 2020, details of the fleet structure of the Company were as follows:

 

                               (Units)  
                 Under      Under         
No.    Model    Self-owned     

finance

lease

    

operating

lease

     Sub-total  
  

Wide-body passenger aircraft

     39        49        5        93  
1   

B777 series

     10        10        0        20  
2   

B787 series

     3        7        0        10  
3   

A350 series

     1        6        0        7  
4   

A330 series

     25        26        5        56  
  

Narrow-body passenger aircraft

     223        213        195        631  
5   

A320 series

     136        125        68        329  
6   

B737 series

     87        88        127        302  
Total         262        262        200        724  

Note: The 11 business aircraft self-owned by and held under trust of the Company were not included in the fleet.

 

2


III.

MAJOR OPERATING DATA

 

     Amount
completed
in
February
2020
     Amount
completed
in
February
2019
     Year-
on-year
increase
    Total
amount
completed
from
January to
February
in 2020
     Total
amount
completed
from
January to
February
in 2019
     Year-
on-year
increase
 

Passenger Transportation Data ASK (available seat- kilometres) (millions)

     5,875.82        21,495.07        -72.66     29,947.60        44,246.50        -32.32

— Domestic routes

     3,013.79        13,694.02        -77.99     17,866.15        28,267.64        -36.80

— International routes

     2,775.99        7,255.99        -61.74     11,534.33        14,878.59        -22.48

— Regional routes

     86.05        545.06        -84.21     547.12        1,100.26        -50.27

RPK (revenue passenger- kilometres) (millions)

     2,954.41        18,168.34        -83.74     21,100.01        36,549.71        -42.27

— Domestic routes

     1,350.49        11,717.40        -88.47     12,464.82        23,405.72        -46.74

— International routes

     1,572.53        6,013.75        -73.85     8,285.07        12,252.20        -32.38

— Regional routes

     31.39        437.19        -92.82     350.13        891.79        -60.74

Number of passengers carried (thousands)

     1,321.71        10,555.06        -87.48     11,440.41        21,253.04        -46.17

— Domestic routes

     1,005.03        8,740.30        -88.50     9,305.60        17,613.87        -47.17

— International routes

     291.65        1,487.94        -80.40     1,869.32        2,976.55        -37.20

— Regional routes

     25.03        326.83        -92.34     265.49        662.62        -59.93

Passenger load factor (%)

     50.28        84.52        -34.24 pts      70.46        82.60        -12.15 pts 

— Domestic routes

     44.81        85.57        -40.76 pts      69.77        82.80        -13.03 pts 

— International routes

     56.65        82.88        -26.23 pts      71.83        82.35        -10.52 pts 

— Regional routes

     36.48        80.21        -43.73 pts      63.99        81.05        -17.06 pts 

Freight Transportation Data AFTK (available freight tonne- kilometres) (millions)

     253.80        732.59        -65.36     1,097.72        1,501.58        -26.90

— Domestic routes

     55.18        270.93        -79.63     343.61        561.84        -38.84

— International routes

     194.84        442.48        -55.97     736.64        903.06        -18.43

— Regional routes

     3.78        19.17        -80.30     17.47        36.68        -52.37

RFTK (revenue freight tonne- kilometres) (millions)

     81.43        150.83        -46.01     325.84        384.18        -15.19

— Domestic routes

     17.84        48.42        -63.16     99.78        140.76        -29.11

— International routes

     63.06        100.79        -37.44     223.64        239.22        -6.51

— Regional routes

     0.54        1.63        -66.82     2.41        4.20        -42.49

 

3


     Amount
completed
in
February
2020
     Amount
completed
in
February
2019
     Year-
on-year
increase
    Total
amount
completed
from
January to
February
in 2020
     Total
amount
completed
from
January to
February
in 2019
     Year-
on-year
increase
 

Weight of freight carried (million kg)

     20.86        49.46        -57.83     103.30        136.60        -24.38

— Domestic routes

     12.67        33.86        -62.57     70.95        98.64        -28.06

— International routes

     7.71        14.23        -45.79     30.18        34.35        -12.13

— Regional routes

     0.47        1.38        -65.83     2.16        3.62        -40.21

Freight load factor (%)

     32.09        20.59        11.50 pts      29.68        25.59        4.10 pts 

— Domestic routes

     32.32        17.87        14.45 pts      29.04        25.05        3.99 pts 

— International routes

     32.36        22.78        9.59 pts      30.36        26.49        3.87 pts 

— Regional routes

     14.29        8.48        5.80 pts      13.81        11.44        2.37 pts 

Consolidated Data ATK (available tonne- kilometres) (millions)

     782.62        2,667.14        -70.66     3,793.01        5,483.77        -30.83

— Domestic routes

     326.42        1,503.40        -78.29     1,951.56        3,105.93        -37.17

— International routes

     444.68        1,095.52        -59.41     1,774.73        2,242.14        -20.85

— Regional routes

     11.52        68.23        -83.11     66.71        135.70        -50.84

RTK (revenue tonne- kilometres) (millions)

     337.76        1,723.22        -80.40     2,163.53        3,568.41        -39.37

— Domestic routes

     135.37        1,062.76        -87.26     1,186.96        2,181.66        -45.59

— International routes

     199.13        621.08        -67.94     943.55        1,305.08        -27.70

— Regional routes

     3.26        39.38        -91.71     33.03        81.66        -59.56

Overall load factor (%)

     43.16        64.61        -21.45 pts      57.04        65.07        -8.03 pts 

— Domestic routes

     41.47        70.69        -29.22 pts      60.82        70.24        -9.42 pts 

— International routes

     44.78        56.69        -11.91 pts      53.17        58.21        -5.04 pts 

— Regional routes

     28.34        57.72        -29.38 pts      49.51        60.18        -10.67 pts 

 

Note:

Freight transportation data only contained data of bellyhold space in passenger aircraft. The table does not contain data of cargo services.

 

4


IV.

RISK ALERT

The board of directors of the Company hereby reminds investors that the operating data set forth above was compiled in accordance with the Company’s internal information which has not been audited and may be subject to adjustment. The operating data set forth above may differ from the data disclosed in any regular report for the relevant period. The Company reserves its rights to adjust the operating data based on audit findings and the actual situation. The monthly operating data disclosed by the Company only serves as preliminary and periodical data for investors’ reference. Investors are hereby reminded of the investment risks which may result from inappropriate reliance upon or utilization of the information above.

The strike and impact of the novel coronavirus (COVID-19) epidemic on the international and domestic businesses of the Company have great uncertainty in terms of their time span and severity, and the specific extent of impact is yet to be evaluated according to the actual situation in the future. Investors are reminded of the risks thereof.

The data set forth above is published on the website of the Shanghai Stock Exchange (www.sse.com.cn), the website of The Stock Exchange of Hong Kong (www.hkex.com.hk) and the column “Investor Relations” under “About China Eastern Airlines — Get to know China Eastern Airlines” on the website of the Company (www.ceair.com).

 

By order of the Board
CHINA EASTERN AIRLINES CORPORATION LIMITED
Wang Jian
Company Secretary

Shanghai, the People’s Republic of China

18 March 2020

As at the date of this announcement, the directors of the Company include Liu Shaoyong (Chairman), Li Yangmin (Vice Chairman), Tang Bing (Director), Wang Junjin (Director), Lin Wanli (Independent non-executive Director), Shao Ruiqing (Independent non-executive Director), Cai Hongping (Independent non-executive Director), Dong Xuebo (Independent non-executive Director) and Yuan Jun (Employee Representative Director).

 

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