The total loss of the three major airlines reached 40.957 billion yuan, further expanding compared with the same period last year From Financial report of Air China, China Southern Airlines and China Eastern Airlines

The following is the The total loss of the three major airlines reached 40.957 billion yuan, further expanding compared with the same period last year From Financial report of Air China, China Southern Airlines and China Eastern Airlines recommended by recordtrend.com. And this article belongs to the classification: Aviation Data.

Over the past year, major domestic airlines have not yet come out of the shadow of huge losses, and the depth and sustainability of the impact of the epidemic on the civil aviation industry have exceeded expectations. On the evening of March 30, the three major state-owned airlines, Air China, China Southern Airlines and China Eastern Airlines, successively disclosed their annual reports. In 2021, the three major aviation companies suffered a loss of 10 billion yuan, and the amount of loss further expanded compared with the same period of last year. Overall, the total loss of the three airlines reached 40.957 billion yuan.

It is worth noting that China Eastern Airlines said in its annual report that on March 21, 2022, a Boeing 737 passenger plane belonging to China Eastern Airlines Yunnan crashed while performing the Kunming Guangzhou flight mission. After the plane crash, the company attached great importance to it and immediately started the emergency mechanism to fully carry out rescue and aftermath work. At present, the cause of the accident is still under investigation. The company will closely follow up the follow-up progress of the investigation and assess its impact on the financial status and operating results of the group.

In 2021, China Eastern Airlines Yunnan achieved an operating revenue of 6.595 billion yuan, a year-on-year increase of 9.04%, a loss of 1.021 billion yuan and a loss of 761 million yuan in the same period last year; The passenger transport turnover was 12382.58 million passenger kilometers, a year-on-year increase of 3.66%, and 9.8636 million passengers were carried, a year-on-year increase of 3.22%. By the end of 2021, China Eastern Airlines Yunnan had operated 82 b787-9 and B737 series aircraft in total.

The three major airlines lost more than 40 billion last year

According to the annual report of the three major airlines, Air China achieved an operating revenue of 74.532 billion yuan in 2021, a year-on-year increase of 7.23%; The net loss was 16.64 billion yuan, compared with 14.41 billion yuan in the same period last year. The passenger revenue reached 58.317 billion yuan, an increase of 2.59 billion yuan year-on-year. Among them, the revenue decreased by 1.291 billion yuan due to the decrease of transportation capacity investment, 1.352 billion yuan due to the decrease of passenger occupancy rate, and 5.233 billion yuan due to the increase of income level. According to the main business indicators, the company’s revenue per passenger kilometer in 2021 increased from 0.5074 yuan in 2020 to 0.5574 yuan in 2021, with a year-on-year increase of 9.85 percentage points.

The performance of China Southern Airlines also declined again last year. In 2021, the operating revenue reached 101.644 billion yuan, a year-on-year increase of 9.81%; The net loss was 12.103 billion yuan, with a loss of 10.842 billion yuan in the same period last year.

Also affected by the epidemic situation, the rise of international oil prices and other factors, China Eastern Airlines had a net loss of 12.214 billion yuan in 2021, an increase of 380 million yuan year-on-year. From the perspective of profitability, Air China ranked bottom among the three major airlines and refreshed the worst performance in the company’s history again. As Air China accounts for the highest proportion of international routes in China’s aviation department, its impact is also more direct.

In addition, Shanhang B, which is owned by Air China, also released its annual report on the evening of March 30. The company lost 1.814 billion yuan in net profit in 2021. Although this figure is lower than the loss in 2020 (2.382 billion yuan), the loss for two consecutive years has made Shanhang insolvent. By the end of 2021, the net assets of Shanhang B were -918 million yuan.

On the same day, Shanhang B also issued the notice of delisting risk warning and suspension and resumption of trading of the company’s stock trading. The trading of the stock will be suspended for one day from the opening of the market on March 31, and the trading will be resumed from April 1. The “delisting risk warning” will be implemented from the opening of the market on that day, and the stock abbreviation will be changed from “Shanhang B” to “* ST Shanhang B”

Overall, 2021 is novel coronavirus pneumonia epidemic spread worldwide in second years. The domestic civil aviation industry still faces the severe and complex situation of local epidemic and local distribution and spread of overseas epidemic. Among them, the investment in international routes continues to be limited, the flow of domestic passenger transport market fluctuates sharply, and it is increasingly difficult to improve the operating efficiency of head airlines. Superimposed on factors such as rising oil prices and exchange rate fluctuations, the airline company is facing greater operational difficulties.

According to the February operation data recently released by the head aviation department, the supply and demand of the domestic civil aviation industry improved year-on-year in February, and Air China, China Eastern Airlines and China Southern Airlines increased compared with the same period last year in terms of passenger traffic volume, passenger capacity investment, passenger seating rate, passenger turnover and other main indicators.

China Eastern Airlines said in its annual report that the improvement of operating data also makes the industry look forward to the opportunity of reversing the plight of the aviation sector. However, due to the continuous global epidemic and the high fluctuation of commodity prices, the development of the aviation industry is still facing multiple uncertainties. The repeated short-term epidemic will have a certain impact on service consumption and even the domestic economy, and the market may show a “slow recovery” trend.

In addition, according to the prediction of the International Aviation Association, the global aviation industry will remain in a state of loss in 2022, and the situation is still grim. However, in view of the positive travel willingness of passengers, the industry is expected to continue to recover.

At present, the families of the victims of China Eastern Airlines flight accident have received a compensation of 14.85 million yuan

After the “3.21” China Eastern Airlines mu5735 aircraft accident, the Party committee of China Banking and Insurance Regulatory Commission attached great importance to it, took immediate action and set up a special working class for overall guidance at the first time. The day after the incident, the China Banking and Insurance Regulatory Commission issued the notice on doing a good job in the insurance claim settlement service of China Eastern Airlines passenger plane crash accident, deployed the industry to actively investigate the underwriting customer information, fully respected the wishes of family members, established a green channel for claim settlement, and strictly prohibited speculation.

Progress has been made in the insurance claim settlement of the accident. The CBRC announced on March 30 that on March 22, the CBRC guided the main underwriting company of aircraft fuselage PICC Property Insurance to do a good job in advance compensation. On March 23, PICC Property Insurance advanced 50 million yuan of insurance compensation to China Eastern Airlines. At present, relevant insurance companies have made preparations for compensation. Within the scope of contract responsibility, they should compensate as soon as possible.

As of March 29, in terms of property insurance, PICC Property Insurance, CPIC property insurance, Ping An Property Insurance and Guoshou property insurance, which underwrite the aircraft fuselage, paid a total of 116 million yuan in advance to China Eastern Airlines. In terms of life insurance, relevant insurance companies actively carry out insurance claim settlement according to the customer’s report. At present, 11 companies have paid 14 claims to the families of the victims, with a total amount of 14.85 million yuan.

It is disclosed that in the next step, as a member of the aftermath disposal working group of the national emergency response headquarters of “3.21” China Eastern Airlines mu5735 aircraft accident, the CBRC will, under the unified leadership of the headquarters, coordinate the insurance industry, further refine the claim settlement scheme, optimize the claim settlement process, grasp the key links, pay attention to methods and methods, and properly do a good job in the follow-up insurance claim settlement service.

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