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Air China
(OTC:AIRYY)
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Rating:42Neutral
Price Target:
$9.50
▼(-6.59% Downside)
Action:Reiterated
Date:09/07/26
The score is held down primarily by weak profitability and high leverage despite improved revenue and positive cash flow. Technicals also weigh on the outlook, with the stock below major moving averages and negative momentum signals. Valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Revenue Recovery
Revenue recovery across domestic and international passenger and cargo operations indicates restored demand and network utilization. The sharp TTM increase, following 2024 growth, gives Air China a stronger operating base from which to spread fixed airline costs and rebuild earnings over the next several quarters.
Negative Factors
Persistent Losses
Net income is negative in every period shown, while operating profit is negative in 2025 and TTM. Persistent losses indicate that revenue recovery has not yet translated into durable reported profitability, limiting internally funded growth and leaving results exposed to continued cost, pricing or non-operating pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
Revenue recovery across domestic and international passenger and cargo operations indicates restored demand and network utilization. The sharp TTM increase, following 2024 growth, gives Air China a stronger operating base from which to spread fixed airline costs and rebuild earnings over the next several quarters.
Read all positive factors
Air China (AIRYY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.40B
Dividend Yield1.03%
Average Volume (3M)230.00
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth10.59%
EPS Growth-352.52%
CountryUS
Employees107,795
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-2.80
Shares Outstanding247,780,530
10 Day Avg. Volume595
30 Day Avg. Volume230
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)2.45
Price to Sales (P/S)0.62
P/FCF Ratio4.25
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.63
Revenue Forecast (FY)$28.55B
Air China Business Overview & Revenue Model
Company Description
Air China Limited, operating alongside its various subsidiaries, delivers a full spectrum of air travel services, including passenger transportation, air cargo, and diverse aviation-related offerings. Its extensive network covers Mainland China, H...
How the Company Makes Money
Air China primarily makes money by selling air transportation services, with revenue centered on two core segments: passenger and cargo. (1) Passenger revenue: The largest driver is the sale of tickets and related fees for domestic and internation...
Air China Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
32
Negative
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 179.99B | 166.81B | 166.70B | 141.10B | 52.90B | 74.53B |
| Gross Profit | -330.94M | 1.70B | 8.51B | 7.09B | -29.91B | -11.31B |
| EBITDA | 5.47B | 24.94B | 33.90B | 32.40B | -18.16B | 4.61B |
| Net Income | -2.25B | -1.74B | -237.31M | -1.05B | -38.62B | -16.64B |
Balance Sheet | ||||||
| Total Assets | 352.25B | 343.23B | 345.77B | 335.30B | 295.01B | 298.42B |
| Cash, Cash Equivalents and Short-Term Investments | 15.79B | 16.02B | 22.51B | 15.63B | 11.44B | 16.71B |
| Total Debt | 167.43B | 232.47B | 162.86B | 175.39B | 214.18B | 182.87B |
| Total Liabilities | 295.44B | 304.01B | 304.82B | 300.01B | 273.45B | 232.55B |
| Stockholders Equity | 59.87B | 42.54B | 45.15B | 37.23B | 23.61B | 61.40B |
Cash Flow | ||||||
| Free Cash Flow | 16.01B | 24.48B | 14.44B | 12.65B | -24.40B | 6.81B |
| Operating Cash Flow | 40.88B | 42.05B | 34.55B | 35.42B | -16.76B | 12.89B |
| Investing Cash Flow | -20.00B | -15.08B | -17.86B | -15.25B | -6.87B | -4.45B |
| Financing Cash Flow | -31.91B | -33.65B | -10.56B | -15.85B | 18.10B | 1.71B |
Air China Technical Analysis
Negative
10.17
Price Trends
10.38
Negative
11.21
Negative
13.69
Negative
Market Momentum
-0.25
Negative
42.15
Neutral
52.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIRYY, the sentiment is Negative. The current price of 10.17 is above the 20-day moving average (MA) of 9.92, below the 50-day MA of 10.38, and below the 200-day MA of 13.69, indicating a bearish trend. The MACD of -0.25 indicates Negative momentum. The RSI at 42.15 is Neutral, neither overbought nor oversold. The STOCH value of 52.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AIRYY.
Air China Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $52.55B | 13.14 | 19.33% | 0.97% | 10.28% | -12.67% | |
77 Outperform | $35.65B | 10.24 | 22.50% | ― | 8.48% | 6.74% | |
76 Outperform | $5.31B | 8.49 | 22.40% | 5.22% | 14.80% | -1.39% | |
75 Outperform | $14.68B | 9.45 | 98.01% | 2.98% | 20.16% | 39.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | $8.61B | -26.55 | 8.29% | 1.41% | 7.53% | -157.37% | |
42 Neutral | $14.40B | -44.08 | -4.67% | 1.03% | 10.59% | -352.52% |
* Industrials Sector Average
AIRYY
Air China
9.75
-2.80
-22.28%
CPA
Copa Holdings
129.15
18.73
16.96%
DAL
Delta Air Lines
79.91
22.12
38.28%
UAL
United Airlines Holdings
109.82
5.27
5.04%
AAL
American Airlines
13.01
0.48
3.83%
LTM
LATAM Airlines Group SA Sponsored ADR
51.29
4.11
8.72%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.