Analysis On The Financial Impact Of New Leasing Standards On Airlines ——Taking China Eastern Airlines As An Example

With the renewal of international leasing standards,China has also implemented new leasing standards suitable for China after extensive consultation.The combination of operating lease and financial lease is the biggest change in the accounting treatment of the old lease standard.After the implementation of the new lease standard,the situation that the previous operating lease is not included in the financial statements will not happen again.As the aviation industry,because most companies in the industry focus on introducing aircraft by operating lease,their financial statements and relevant financial indicators are bound to be affected after the implementation of the new lease standards.And the aviation industry as one of the first batch of industries to implement the new leasing standards,some companies have implemented the new leasing standards for a relatively long time,and the data obtained will have more reference value.Therefore,selecting the aviation industry as the research object of this paper has more reference value.Firstly,this paper combs the research on the revision of leasing standards and the impact of the new leasing standards on enterprises.Then,it makes a theoretical analysis of the impact of the new leasing standards on the aviation industry.In the case analysis part,this paper selects China Eastern Airlines.Based on the relevant financial information disclosed by China Eastern Airlines in 2019,this paper compares the changes of financial indicators before and after China Eastern Airlines applies the old and new leasing standards;And changes in financial indicators throughout the lease period after the application of the new lease standards.Based on the results of case analysis,this paper puts forward countermeasures for airlines in three aspects: relevant financial indicators,financing activities and investment activities.Through the case study of China Eastern Airlines,the following conclusions can be drawn: firstly,the company relies more on the problem that operating leases are not included in the financial statements in the old leasing standards to introduce aircraft,in order to expand the fleet and reduce the asset liability ratio at the same time;Secondly,after the company begins to implement the new leasing standards,it will have some relatively adverse effects on the company’s financial statements and some financial indicators;Finally,after formulating reasonable countermeasures,the company adjusts the proportion of operating lease in the total leasing business,optimizes the asset structure,and no longer relies on the way of operating lease,further reduces the asset liability ratio and improves the overall financial information quality of the company.