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Air China
(0753)
Air China (0753) vs. iShares MSCI Hong Kong ETF (EWH)
Air China Business Overview & Revenue Model
Air China Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 167.94B | 166.70B | 141.10B | 52.90B | 74.53B | 69.50B |
| Gross Profit | 8.87B | 8.51B | 7.09B | -29.91B | -11.31B | -6.13B |
| EBITDA | 4.92B | 33.90B | 32.40B | -18.16B | 4.61B | 7.05B |
| Net Income | 739.51M | -237.31M | -1.05B | -45.18B | -18.83B | -15.82B |
Balance Sheet | ||||||
| Total Assets | 347.56B | 345.77B | 335.30B | 295.01B | 298.42B | 284.07B |
| Cash, Cash Equivalents and Short-Term Investments | 28.08B | 22.51B | 15.63B | 11.44B | 16.71B | 6.58B |
| Total Debt | 171.91B | 226.70B | 175.39B | 214.18B | 182.87B | 159.63B |
| Total Liabilities | 309.31B | 304.82B | 300.01B | 273.45B | 232.55B | 200.26B |
| Stockholders Equity | 42.64B | 45.15B | 37.23B | 23.61B | 61.40B | 77.58B |
Cash Flow | ||||||
| Free Cash Flow | 792.75M | 14.44B | 12.65B | -24.40B | 6.81B | -10.63B |
| Operating Cash Flow | 17.83B | 34.55B | 35.42B | -16.76B | 12.89B | 1.41B |
| Investing Cash Flow | -17.02B | -17.86B | -15.25B | -6.87B | -4.45B | -15.87B |
| Financing Cash Flow | -12.22B | -10.56B | -15.85B | 18.10B | 1.71B | 11.46B |
Air China Technical Analysis
Air China Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$82.42B | 7.98 | 17.73% | 5.38% | 8.54% | 16.57% | |
56 Neutral | HK$152.20B | 162.29 | 0.20% | ― | 4.08% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | HK$136.24B | -43.31 | -6.44% | ― | 1.42% | 3.33% | |
54 Neutral | HK$130.99B | -38.49 | -7.13% | ― | 4.61% | 38.36% |
Air China Corporate Events
Air China has issued a profit warning for the 2025 financial year, indicating it expects to post a net loss attributable to equity holders of about RMB1.3 billion to RMB1.9 billion, and a deeper loss of RMB1.9 billion to RMB2.7 billion after excluding non-recurring items, based on unaudited preliminary estimates. While the airline reports that China’s economy and the aviation industry remained stable with steady growth and that it has increased investment, revenue and cost control measures, its profitability is being dragged down by the reassessment and partial reversal of deferred tax assets under Chinese accounting standards, leaving the company still in loss-making territory despite operational improvements and prompting management to caution investors about associated risks.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China reported stronger operating metrics for December 2025, with group-wide passenger capacity up 4.0% year on year and passenger traffic rising 10.0%, driven by robust growth on domestic and international routes, which helped lift the overall passenger load factor to 82.2%, up 4.5 percentage points from a year earlier. Cargo performance also improved in efficiency terms, as cargo and mail traffic increased 5.3% despite a 1.9% decline in capacity, pushing the cargo load factor to 39.2%, while the airline continued to expand and modernize its network and fleet by launching a new Chengdu Tianfu–Almaty route and adding six A320-series and two C919 aircraft, bringing its total fleet to 964 aircraft; these developments signal ongoing capacity optimization and fleet renewal that may strengthen Air China’s competitive position in both passenger and cargo markets.
The most recent analyst rating on (HK:0753) stock is a Sell with a HK$4.90 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China Limited has announced that the Shanghai Stock Exchange has formally accepted its application to issue A shares to specific investors on the Main Board. The exchange has confirmed that the company’s prospectus and related application documents are complete and comply with statutory requirements, and will now proceed to review and process the issuance in accordance with applicable laws and regulations. The proposed A-share issuance, which is still subject to further review and approval by the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission, could provide Air China with additional refinancing capacity and funding flexibility, although there remains uncertainty around the timing and final outcome, prompting the company to caution shareholders and potential investors about trading its securities.
The most recent analyst rating on (HK:0753) stock is a Buy with a HK$8.20 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China has agreed to sell 108.08 million shares in Cathay Pacific Airways, or about 1.61% of the Hong Kong carrier’s issued share capital, via a placing handled by Morgan Stanley at HK$12.22 per share. The disposal, conducted through its wholly owned subsidiary Easerich Investments, is expected to generate an estimated pre-tax profit of roughly RMB182 million and will reduce Air China’s stake in Cathay Pacific from 28.72% to about 27.11%, while a 180‑day lock‑up will restrict further sales without the placing agent’s consent. The company emphasized that the transaction is not classified as a notifiable or connected transaction under Hong Kong listing rules, should not materially affect its financial position or operating results, and that it will remain an important strategic shareholder in Cathay Pacific with its support and confidence in the airline’s prospects unchanged.
The most recent analyst rating on (HK:0753) stock is a Buy with a HK$8.20 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China has agreed to purchase 60 Airbus A320NEO series aircraft from Airbus S.A.S., with the order structured through import agent AIE and carrying an aggregate list price of about US$9.53 billion, although the airline secured substantial, customary price concessions that reduce the actual consideration below list value. Classified as a discloseable transaction under Hong Kong listing rules, the deal signals a significant fleet expansion aligned with industry-standard procurement practices, and management expects the negotiated discounts to be consistent with previous Airbus purchases and to avoid materially increasing unit operating costs, suggesting limited margin pressure while potentially enhancing capacity and network competitiveness over time.
The most recent analyst rating on (HK:0753) stock is a Buy with a HK$8.20 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China has amended the working rules of its Board’s Audit and Risk Management Committee, also referred to as the Supervision Committee, effective 30 December 2025, to strengthen corporate governance and enhance the Board’s oversight of management. The revised rules formalize the Committee’s role in advising the Board, set detailed requirements for its composition—mandating three to five non‑management directors, a majority of whom must be independent, including at least one accounting or financial expert—and clarify terms of office, training obligations, and procedures to ensure continuity and independence. The amendments also specify the Committee’s authority over the appointment, remuneration, supervision and evaluation of external auditors, reflecting Air China’s efforts to align with PRC company law, China’s listed company governance code, Shanghai Stock Exchange rules, and Hong Kong Listing Rules, which collectively aim to bolster risk management, audit quality and investor confidence.
The most recent analyst rating on (HK:0753) stock is a Buy with a HK$8.20 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China Limited has updated the working rules of its Board Remuneration and Appraisal Committee, effective 30 December 2025, to refine the governance framework overseeing pay and performance evaluation for directors and senior management. The amended rules clarify the Committee’s composition, mandate a majority of independent directors and an independent chair, and set out responsibilities such as setting appraisal standards, formulating and reviewing remuneration mechanisms and policies, designing and amending share incentive schemes and employee share ownership plans, and overseeing compensation in cases of termination or misconduct. The changes reinforce the airline’s adherence to Chinese company law, securities regulation and stock exchange listing rules in Shanghai and Hong Kong, signaling a continued emphasis on transparent, fair and compliant executive compensation and incentive structures that may enhance alignment between management decisions, shareholder interests and long-term corporate performance.
The most recent analyst rating on (HK:0753) stock is a Buy with a HK$8.20 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China announced progress in the equity financing plan for its subsidiary, Shenzhen Airlines, with a total financing target of RMB16 billion. Shenzhen Airlines secured an initial investor, Shenzhen Kunhang Investment Partnership, to inject RMB2 billion. Concurrently, Air China contributed RMB2.08 billion, maintaining its 51% stake while reinforcing capital for business expansion. This strategic move bolsters Shenzhen Airlines’ financial capacity, aligns with growth objectives, and reflects collaboration with state-controlled investment entities to strengthen its market position.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China Limited announced that all resolutions proposed at its Extraordinary General Meeting (EGM) held on December 16, 2025, were successfully passed. The meeting saw participation from shareholders and proxies holding over 13 billion shares. Notably, CNAHC and CNACG, holding significant shares, abstained from voting on several resolutions due to material interests. The approval of the resolutions, including the issuance of A Shares to specific investors, is expected to impact the company’s financial strategy and shareholder value.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
In November 2025, Air China reported significant growth in passenger traffic and capacity, with a notable increase in international routes. The passenger load factor improved across all route categories, indicating higher efficiency in operations. Cargo operations also saw a modest increase in capacity and traffic. The company expanded its fleet by adding seven new aircraft, enhancing its operational capabilities.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China Limited has announced an extraordinary general meeting to discuss and approve several resolutions related to the issuance of A Shares to specific investors in 2025. This move is part of the company’s strategic financial planning, aiming to raise capital and enhance its market position. The resolutions cover various aspects of the share issuance, including pricing, subscription methods, and the use of proceeds, indicating a comprehensive approach to securing investment and ensuring future growth. The meeting will also address the potential impact on current shareholders and outline future dividend plans, highlighting the company’s commitment to transparency and stakeholder engagement.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China Limited has announced the book closure period for its upcoming extraordinary general meeting (EGM), scheduled for December 16, 2025. During this period, the transfer of H Shares will be suspended, and shareholders must ensure their transfer documents are submitted by December 10, 2025, to qualify for attendance and voting rights at the EGM. This announcement is significant for shareholders as it outlines the procedural requirements for participating in the company’s governance, potentially impacting their decision-making and investment strategies.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
In October 2025, Air China reported a significant year-on-year increase in passenger traffic, with an 8.7% rise in revenue passenger kilometers and a 4.3% increase in available seat kilometers. The airline also expanded its network by adding several new routes and introduced new aircraft to its fleet, enhancing its operational capacity and market reach. Despite a slight decrease in cargo capacity, cargo traffic saw a 3.1% increase, indicating a robust performance in both passenger and cargo operations.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.