Air China Limited

Air China Limited

AICAF
Air China LimitedUS flagOther OTC
0.64
USD
- -
- -
13.25BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.94
8.52
8.84
9.09
9.05
9.88
9.99
5.06
5.42
3.85
9.44
7.02
10.65
7.41
Basic EPS, GAAP
0.27
0.31
0.55
0.55
0.54
0.53
0.47
-1.05
-1.21
-2.81
-0.07
-0.01
-0.11
-0.1
Free Cash Flow per Basic Share
-0.4
0.25
1.96
0.81
0.65
1.38
1.85
-0.77
0.5
-1.78
0.85
0.61
1.52
-1.05
Dividend per Share
0.29
0.32
0.31
0.38
0.38
0.32
0.46
0.44
0.42
0.48
0.5
0.28
0.35
0.23
Book Value per Share
2.79
3.01
3.44
3.76
3.95
3.78
4.12
2.95
1.73
-1.08
-0.96
-0.56
-0.93
-0.78
Tangible Book Value per Share
4.39
4.51
4.98
5.74
6.71
6.47
7.08
5.77
4.45
1.18
1.7
1.3
1.83
1.81
Basic Weighted Avg Shares
12,291
12,314
12,316
12,389
13,408
13,842
13,635
13,723
13,754
13,744
14,948
23,730
16,094
17,141
Sales/Revenue/Turnover
97,628
104,888
108,929
112,677
121,363
136,774
136,181
69,504
74,532
52,898
141,100
166,699
171,485
126,929
Operating Margin (%)
4.51
5.83
13.58
13.8
10.51
9.78
10.82
-15.73
-22.6
-67.57
0.27
-0.25
-0.16
-1.17
Depreciation Expense
11,019
11,409
13,053
13,509
13,623
14,527
21,297
20,423
20,946
21,245
27,121
29,109
30,723
- -
Net Income, GAAP
3,319
3,817
6,774
6,814
7,240
7,336
6,409
-14,409
-16,642
-38,619
-1,046
-237
-1,770
-1,688
Effective Tax Rate (%)
19.93
15.51
20.16
24.03
24.77
17.65
20.35
- -
- -
- -
- -
- -
- -
5.48
Profit Margin (%)
3.4
3.64
6.22
6.05
5.97
5.36
4.71
-20.73
-22.33
-73.01
-0.74
-0.14
-1.03
-1.33
Working Capital
-44,219
-39,705
-30,686
-44,524
-50,224
-54,164
-52,813
-60,658
-61,019
-70,237
-77,983
-96,923
-82,489
-88,973
LT Debt
68,239
80,263
86,791
74,129
59,907
96,910
103,185
107,738
129,467
154,959
154,029
142,971
154,310
145,805
Total Equity
57,943
60,240
66,595
76,474
95,454
94,467
101,377
83,814
65,865
21,560
35,288
40,945
39,232
40,734
Return on Invested Capital (%)
2.17
2.99
6.8
6.62
5.08
5.18
4.95
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
3.58
3.79
5.52
5.28
5.11
5.03
4.77
- -
- -
- -
- -
- -
- -
3.58
Return on Common Equity (%)
9.97
10.69
17.06
15.34
14.55
13.93
11.82
-29.83
-51.73
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
63,637
71,286
LT Borrowings
- -
92,858
86,431
LT Finance Leases
- -
61,452
59,375
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
17,448
17,448
Market Capitalization
87,817
102,467
73,328

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
34,803
36,055
Cash, Cash Equivalents & STI
- -
16,011
16,116
Accounts Receivable, Net
- -
3,480
4,260
Inventories
- -
4,810
5,222
Total Current Liabilities
- -
117,292
125,028
Payables & Accruals
- -
- -
- -
ST Debt
- -
63,637
71,286
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.54%
-2.64%
-4.19%
Free Cash Flow
-75.34%
-138.07%
69.54%
Net Income, GAAP
28.97%
123.8%
646.04%
Sales/Revenue/Turnover
14.04%
33.19%
2.87%
Total Cash Common Dividend
5.28%
-0.58%
-13.57%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
40,066
39,455
48,630
38,549
166,699
2025
40,023
40,734
- -
41,658
171,485
2026
44,536
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
- -
- -
- -
-0.01
2025
-0.12
- -
- -
- -
-0.11
2026
0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
- -
- -
- -
0.28
2025
0.09
- -
- -
- -
0.35
2026
0.07
- -
- -
- -
- -

Company Description

APIChat
CEO
Simeng Yan
Full Time Employees
104,909
Sector
Industrials
Industry
Airlines, Airports & Air Services
Address
Building 1 Beijing People's Republic of China 101312
IPO Date
Jan 10, 2007
Business
Air China Limited (AICAF) operates as China's flag carrier and a leading provider of passenger and cargo air transportation services; it offers scheduled domestic and international flights, air cargo and mail transport via its Air China Cargo subsidiary, and related services including aircraft maintenance, ground handling, catering, hotel bookings, and car rentals. The company serves over 1,100 destinations in more than 190 countries and regions through its membership in Star Alliance, with primary hubs at Beijing Capital International Airport and Chengdu Tianfu International Airport, and additional operations from Shanghai, Chongqing, Dalian, Hangzhou, Kunming, Shenzhen, and other locations across Asia, Europe, North America, Australia, South America, and Africa. Founded in 1988 and headquartered in Shunyi District, Beijing, Air China functions as a subsidiary of China National Aviation Holding Corporation, which holds a majority stake, and maintains interests in associates such as Cathay Pacific Airways Limited and Tibet Airlines Co., Ltd., as well as joint ventures including Sichuan Services Aero-Engine Maintenance Co., Ltd. Its fleet comprises over 930 aircraft, including Airbus A320 family, A330, A350, Boeing 737, 777, 787, Comac C919, and freighters like Boeing 777F. In recent developments, Air China announces plans in October 2025 to raise up to RMB20 billion through a private placement of A-shares to its controlling shareholder China National Aviation Holding Corporation and China National Aviation Capital Holding Co., Ltd., primarily for debt repayment and working capital to optimize its balance sheet amid a gearing ratio of approximately 88 percent; the company reports 2025 interim operating revenue of RMB80.757 billion, up 1.56 percent year-on-year, with passenger traffic rising 2.87 percent to 77.11 million and international capacity expanding 16.7 percent, alongside introductions of nine new aircraft including C919 and C909 models. It re-integrates its regional subsidiary Air China Inner Mongolia as a branch in October 2025, launches new routes such as Beijing-Abu Dhabi from January 2026 and Brussels services from March 2026, and advances digital initiatives like AI-powered customer service, smart maintenance, and expanded in-flight catering reservations across all domestic flights.

Company News

APIChat
  • Short Interest in Air China Limited (OTCMKTS:AICAF) Rises By 563.9%

  • Air China (OTCMKTS:AICAF) Trading Up 4.9% – What’s Next?