1. Taiwan Stocks

  2. •

    Transportation

  3. •

    Airlines
China Airlines Ltd.

China Airlines Ltd.

TTWSE:2610
20.50
TWD
+0.15
(+0.74%)
2.42EPS
10.90P/E
144.14BMarket Cap
Nov 11Next Earn
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
27.27
28.96
26.7
25.8
28.55
31.3
31.09
21.27
24.72
25.14
30.65
33.69
34.39
37.1
Basic EPS, GAAP
-0.25
-0.14
1.06
0.1
0.4
0.33
-0.22
0.03
1.67
0.48
1.13
2.38
2.42
2.18
Free Cash Flow per Basic Share
1.56
-1.03
2.14
-1.83
0.23
1.36
3.42
-0.54
6.26
3.32
4.42
4.87
-0.71
-2.25
Dividend per Share
- -
- -
- -
- -
- -
0.22
0.21
- -
- -
0.87
0.5
0.71
0.97
0.14
Book Value per Share
9.78
9.28
10.66
10.2
10.43
10.54
10.44
10.62
12.47
11.64
12.33
14.22
16.05
16.45
Tangible Book Value per Share
9.68
9.15
10.47
9.99
10.24
10.31
10.22
10.42
12.3
11.5
12.2
14.09
15.9
16.17
Basic Weighted Avg Shares
5,197
5,199
5,433
5,468
5,468
5,454
5,418
5,419
5,616
5,996
6,029
6,051
6,081
6,088
Sales/Revenue/Turnover
141,703
150,582
145,056
141,079
156,122
170,712
168,444
115,251
138,841
150,722
184,817
203,879
209,139
225,850
Operating Margin (%)
0.51
1.67
5.6
3.24
5.65
2.36
1.58
1.9
10.78
1.71
5.5
8.93
9.96
8.18
Depreciation Expense
17,296
17,516
17,332
17,693
18,599
19,517
32,800
31,374
29,950
30,327
30,657
29,471
29,301
30,165
Net Income, GAAP
-1,274
-749
5,764
572
2,208
1,790
-1,200
140
9,380
2,860
6,819
14,383
14,700
13,241
Effective Tax Rate (%)
- -
264.86
16.94
62.18
29.32
26.24
- -
- -
19.5
15.61
19.71
19.61
19.37
18.21
Profit Margin (%)
-0.9
-0.5
3.97
0.41
1.41
1.05
-0.71
0.12
6.76
1.9
3.69
7.05
7.03
5.86
Working Capital
-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
-44,011
LT Debt
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
90,413
Total Equity
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
105,343
Return on Invested Capital (%)
- -
-2.4
3.83
1
3.59
1.73
- -
- -
5.92
1.13
4.63
8.09
8.3
6.9
Return on Capital (%)
- -
-2.45
4.02
0.53
1.66
1.36
- -
- -
5.82
2.94
4.7
8.61
7.83
6.42
Return on Common Equity (%)
-2.49
-1.51
10.78
1
3.91
3.14
-2.11
0.25
14.25
3.97
9.43
17.91
16.01
13.75

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
17,935
37,083
44,835
LT Borrowings
75,386
60,556
68,311
LT Finance Leases
16,316
22,778
22,102
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,082
6,082
6,082
Market Capitalization
122,853
108,865
144,140

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
86,902
86,788
88,694
Cash, Cash Equivalents & STI
59,727
57,250
55,719
Accounts Receivable, Net
10,585
13,584
13,942
Inventories
11,400
11,691
12,095
Total Current Liabilities
95,443
117,192
132,705
Payables & Accruals
- -
- -
- -
ST Debt
17,935
37,083
44,835
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

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
-119.04%
-283.41%
-114.71%
Net Income, GAAP
668.07%
1,356.4%
2.2%
Sales/Revenue/Turnover
4.89%
12.91%
2.58%
Total Cash Common Dividend
- -
- -
36.28%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
48,645
50,269
52,015
52,951
203,879
2025
52,772
51,333
50,872
54,162
209,139
2026
56,997
63,819
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.51
0.57
0.63
0.66
2.38
2025
0.69
0.63
0.49
0.61
2.42
2026
0.85
0.23
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.71
- -
0.71
2025
- -
- -
- -
0.14
0.97
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Han Ming Chen
Full Time Employees
16,731
Sector
Transportation
Industry
Airlines
Address
No.1, Hangzhan South Road Taoyuan TP Taiwan 33758
IPO Date
Feb 26, 1993
Website
china-airlines.com
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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.