Air China, China Southern Airlines and China Eastern Airlines had a total pre-loss of more than 100 billion yuan last year

Air China, China Southern Airlines and China Eastern Airlines released the performance forecast for 2022. The announcement showed that the three major airlines had a total pre-loss of more than 100 billion yuan last year.

On the evening of January 30, Air China, China Southern Airlines and China Eastern Airlines announced the performance forecast for 2022. The announcement showed that the three major airlines had a total pre-loss of more than 100 billion yuan last year.

Air China announced that, according to the preliminary calculation of the company's financial department, the company will have a loss in 2022. It is estimated that the net loss attributable to shareholders of listed companies will be about 37 billion to 39.5 billion yuan, and the net loss attributable to shareholders of listed companies after deducting non-recurring profits and losses will be about 37.2 billion to 39.9 billion yuan.

China Southern Airlines announced that, according to the preliminary calculation of the company's financial department, it is expected that the company will have a loss in 2022, and the net profit attributable to the shareholders of the listed company will be a loss of 30.3 billion yuan to 33.2 billion yuan. The net profit attributable to the shareholders of the listed company after deducting non-recurring profit and loss is from 30.9 billion yuan to 34.1 billion yuan.

China Eastern Airlines announced that according to the preliminary calculation of the financial department of the company, according to the Chinese accounting standards for business enterprises, it is estimated that the net profit attributable to shareholders of listed companies will be a loss of 36 billion yuan to 39 billion yuan in 2022. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non-recurring profit and loss will be a loss of 36.8 billion yuan to 39.8 billion yuan.

As for the main reasons for the performance loss in advance, the three major airlines mentioned that last year, the COVID-19 epidemic continued to affect the travel demand of passengers at a low level. In addition, the high international oil price and the depreciation of the RMB against the US dollar have further increased the cost pressure.