Air China (AIRYY)
OTHER OTC:AIRYY
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Air China
(OTC:AIRYY)
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Rating:42Neutral
Price Target:
$13.00
▼(-19.00% Downside)
Action:Reiterated
Date:04/02/26
The score is held down primarily by weak financial performance (ongoing losses, 2025 revenue decline, and high leverage) and a clearly bearish technical setup (price below all key moving averages and negative MACD). Positive recent free cash flow provides some support, but valuation signals are limited due to negative earnings and no dividend yield data.
Positive Factors
Improving Cash Generation
Sustained positive operating and free cash flow through 2023–2025, with a large FCF step-up in 2025, indicates the business can internally fund operations and some obligations. Durable cash generation improves short- to medium-term liquidity and reduces near-term refinancing pressure versus relying solely on external capital.
Negative Factors
High Leverage
Elevated and rising debt-to-equity materially increases refinancing and interest-rate vulnerability. A stretched capital structure limits strategic flexibility, raises default and downgrade risk in downturns, and means improving cash generation must first service debt before funding growth or rebuilding equity cushions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Cash Generation
Sustained positive operating and free cash flow through 2023–2025, with a large FCF step-up in 2025, indicates the business can internally fund operations and some obligations. Durable cash generation improves short- to medium-term liquidity and reduces near-term refinancing pressure versus relying solely on external capital.
Read all positive factors
Air China (AIRYY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.55B
Dividend YieldN/A
Average Volume (3M)211.00
Price to Earnings (P/E)10.4
Beta (1Y)0.91
Revenue Growth3.03%
EPS Growth-255.65%
CountryUS
Employees104,909
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-2.11
Shares Outstanding247,780,530
10 Day Avg. Volume85
30 Day Avg. Volume211
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 Cap22.11
Enterprise Value/Revenue2.71
Enterprise Value/Gross Profit64.07
Enterprise Value/Ebitda135.05
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$27.45B
Air China Business Overview & Revenue Model
Company Description
Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. The company...
How the Company Makes Money
Air China primarily makes money by selling air transportation services. Its main revenue streams typically include: (1) Passenger revenue: income from passenger ticket sales across domestic and international routes, including different cabin class...
Air China Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
27
Negative
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 126.93B | 166.81B | 166.70B | 141.10B | 52.90B | 74.53B |
| Gross Profit | 5.37B | 1.70B | 8.51B | 7.09B | -29.91B | -11.31B |
| EBITDA | 2.55B | 24.94B | 33.90B | 32.40B | -18.16B | 4.61B |
| Net Income | -1.69B | -1.74B | -237.31M | -1.05B | -38.62B | -16.64B |
Balance Sheet | ||||||
| Total Assets | 344.27B | 343.23B | 345.77B | 335.30B | 295.01B | 298.42B |
| Cash, Cash Equivalents and Short-Term Investments | 16.12B | 16.02B | 22.51B | 15.63B | 11.44B | 16.71B |
| Total Debt | 168.28B | 232.47B | 162.86B | 175.39B | 214.18B | 182.87B |
| Total Liabilities | 303.54B | 304.01B | 304.82B | 300.01B | 273.45B | 232.55B |
| Stockholders Equity | 43.99B | 42.54B | 45.15B | 37.23B | 23.61B | 61.40B |
Cash Flow | ||||||
| Free Cash Flow | 8.67B | 24.48B | 14.44B | 12.65B | -24.40B | 6.81B |
| Operating Cash Flow | 26.61B | 42.05B | 34.55B | 35.42B | -16.76B | 12.89B |
| Investing Cash Flow | -13.42B | -15.08B | -17.86B | -15.25B | -6.87B | -4.45B |
| Financing Cash Flow | -20.15B | -33.65B | -10.56B | -15.85B | 18.10B | 1.71B |
Air China Technical Analysis
Negative
16.05
Price Trends
14.96
Negative
16.21
Negative
15.28
Negative
Market Momentum
-0.51
Negative
44.97
Neutral
83.15
Negative
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 16.05 is above the 20-day moving average (MA) of 12.42, above the 50-day MA of 14.96, and above the 200-day MA of 15.28, indicating a neutral trend. The MACD of -0.51 indicates Negative momentum. The RSI at 44.97 is Neutral, neither overbought nor oversold. The STOCH value of 83.15 is Negative, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $26.66B | 269.96 | 27.85% | 1.37% | 16.68% | 51.06% | |
72 Outperform | $46.14B | -37.50 | 23.14% | 0.96% | 5.24% | 20.93% | |
71 Outperform | $30.14B | 10.76 | 24.91% | ― | 4.73% | 1.55% | |
64 Neutral | $12.90B | 6.16 | 126.90% | 3.50% | 16.19% | 62.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | $8.14B | -4.65 | -5.17% | ― | 3.33% | -70.60% | |
42 Neutral | $15.55B | 10.37 | 4.53% | ― | 3.03% | -255.65% |
* Industrials Sector Average
AIRYY
Air China
12.26
-0.59
-4.58%
DAL
Delta Air Lines
70.23
19.91
39.58%
RYAAY
Ryanair Holdings
53.36
3.91
7.91%
UAL
United Airlines Holdings
92.85
14.92
19.15%
AAL
American Airlines
12.31
0.45
3.79%
LTM
LATAM Airlines Group SA Sponsored ADR
46.91
12.03
34.48%
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.