1. Taiwan, Province of China Stocks

  2. •

    Industrials

  3. •

    Airlines, Airports & Air Services
China Airlines, Ltd.

China Airlines, Ltd.

2610.TW
China Airlines, Ltd.TW flagTaiwan Stock Exchange
19.95
TWD
+0.45
- -
121.33BMarket Cap
China Airlines, Ltd.
2610.TW
(Taiwan Stock Exchange)

Recent

price

19.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
31.81
30.75
27.45
27.27
28.96
26.7
25.8
28.55
31.3
31.09
21.27
24.72
25.14
30.65
33.69
- -
25.5
Revenue per Share
2.29
-0.42
-0.08
-0.25
-0.14
1.06
0.1
0.4
0.33
-0.22
0.03
1.67
0.48
1.13
2.38
- -
1.81
Basic EPS, GAAP
3.33
-0.32
1.46
1.56
-1.03
2.14
-1.83
0.23
1.36
3.42
-0.54
6.26
3.32
4.42
4.87
- -
-1.11
Free Cash Flow per Basic Share
0.03
0.43
0.04
- -
- -
- -
- -
- -
0.22
0.21
- -
- -
0.87
0.5
0.71
- -
- -
Dividend per Share
11.7
8.51
8.95
9.4
9.35
10.6
9.98
10.27
10.15
9.68
9.94
12.23
11.09
11.55
13.09
- -
14.34
Book Value per Share
10.98
10.18
10.3
10.08
9.68
10.96
10.37
10.63
10.79
10.88
11.01
13.57
11.94
12.72
14.83
- -
16.73
Tangible Book Value per Share
4,642
4,629
5,135
5,197
5,199
5,433
5,468
5,468
5,454
5,418
5,419
5,616
5,996
6,029
6,051
- -
6,077
Basic Weighted Avg Shares
147,666
142,311
140,972
141,703
150,582
145,056
141,079
156,122
170,712
168,444
115,251
138,841
150,722
184,817
203,879
- -
154,977
Sales/Revenue/Turnover
10.84
-0.67
-0.2
0.51
1.67
5.6
3.24
5.65
2.36
1.58
1.9
10.78
1.71
5.5
8.93
- -
10.17
Operating Margin (%)
10,668
11,106
16,973
17,296
17,516
17,332
17,693
18,599
19,517
32,800
31,374
29,950
30,327
30,657
29,471
- -
21,975
Depreciation Expense
10,622
-1,954
-418
-1,274
-749
5,764
572
2,208
1,790
-1,200
140
9,380
2,860
6,819
14,383
- -
10,997
Net Income, GAAP
9.5
- -
- -
- -
264.86
16.94
62.18
29.32
26.24
- -
- -
19.5
15.61
19.71
19.61
- -
19.11
Effective Tax Rate (%)
7.19
-1.37
-0.3
-0.9
-0.5
3.97
0.41
1.41
1.05
-0.71
0.12
6.76
1.9
3.69
7.05
- -
7.1
Profit Margin (%)
-14,509
-24,870
-21,073
-24,821
-20,448
-22,578
-21,268
-12,877
-8,122
-24,529
-777
32,610
-1,433
-20,352
8,323
-8,540
-8,540
Working Capital
92,400
107,082
95,745
80,608
98,617
73,789
80,146
87,440
89,163
91,369
100,868
108,952
88,198
67,187
80,273
91,702
91,702
LT Debt
51,835
47,530
53,291
52,890
50,986
60,557
57,867
59,158
60,047
60,132
60,712
77,205
72,453
77,479
90,549
102,540
102,540
Total Equity
8.46
- -
- -
- -
-2.4
3.83
1
3.59
1.73
- -
- -
5.92
1.13
4.63
8.09
- -
6.3
Return on Invested Capital (%)
7.38
- -
- -
- -
-2.46
4.03
0.53
1.67
1.37
- -
- -
5.95
3.01
4.81
8.91
- -
6.05
Return on Capital (%)
22.13
-4.17
-0.98
-2.69
-1.54
10.85
1.02
3.99
3.21
-2.23
0.26
15.31
4.23
10.01
19.33
- -
13.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
15,288
17,467
17,935
LT Borrowings
65,322
67,473
75,386
LT Finance Leases
15,256
16,480
16,316
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,082
6,082
6,082
Market Capitalization
131,577
126,699
122,749

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
79,848
80,197
86,902
Cash, Cash Equivalents & STI
51,238
49,897
59,727
Accounts Receivable, Net
9,780
11,153
10,585
Inventories
11,921
11,695
11,400
Total Current Liabilities
88,220
89,245
95,443
Payables & Accruals
- -
- -
- -
ST Debt
15,288
17,467
17,935
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.85%
11.61%
13.24%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
42,692
47,193
47,682
47,250
184,817
2024
48,645
50,269
52,015
52,951
203,879
2025
52,772
51,333
50,872
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.22
0.55
0.38
- -
1.13
2024
0.51
0.57
0.63
- -
2.38
2025
0.69
0.63
0.49
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
0.46
- -
0.5
2024
- -
- -
0.71
- -
0.71
2025
- -
- -
- -
- -
- -
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Business
China Airlines, Ltd. (2610.TW) operates as Taiwan's state-owned flag carrier, providing international passenger and cargo air transportation services including scheduled, non-scheduled, and charter flights; courier, mail, and package transport; aircraft maintenance; airport ground handling; in-flight catering; inflight duty-free sales; and supplementary businesses in logistics, hotels, travel, and real estate. The company, founded on December 16, 1959 and headquartered at CAL Park on the grounds of Taiwan Taoyuan International Airport in Taoyuan City, Taiwan, serves over 100 cities across Asia, Europe, North America, and Oceania through its primary hub at Taoyuan and secondary operations via subsidiaries China Airlines Cargo, Mandarin Airlines for domestic and regional routes, and Tigerair Taiwan as a low-cost carrier, all under the China Airlines Group with the China Aviation Development Foundation as the largest shareholder. In recent developments, China Airlines announced a nearly $12 billion fleet renewal deal in December 2024 split between 10 Boeing 777-9 passenger aircraft, 10 Airbus A350-1000s powered by Rolls-Royce engines, and four Boeing 777-8 freighters for delivery starting 2029 to replace aging Boeing 777-300ERs and support global expansion; it firmed the Boeing portion in May 2025 while extending some aircraft retention to offset delays in prior Boeing 787 orders from 2023; and in June 2025 approved acquiring five additional Airbus A350-900s and eight A321neos valued at around $2 billion primarily from Aircraft Lease Corporation to modernize its fleet, enhance fuel efficiency, and bolster international and regional routes amid competitive growth by peers like EVA Air and Starlux Airlines.