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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$84.44B | 8.18 | 17.73% | 5.38% | 8.54% | 16.57% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | £161.76B | 169.21 | 0.20% | ― | 4.08% | ― | |
55 Neutral | HK$147.08B | -42.93 | -6.44% | ― | 1.42% | 3.33% | |
54 Neutral | HK$139.90B | -37.70 | -7.13% | ― | 4.61% | 38.36% |
Air China Corporate Events
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.
Air China Limited’s third quarterly report of 2025 reveals a slight increase in revenue by 0.90% compared to the previous year, reaching RMB 49,068,750. Despite this, the company experienced a decrease in total profit by 5.16% and net profit attributable to shareholders by 11.31% during the reporting period. However, from the beginning of the year to the end of the reporting period, there was a notable increase in net profit attributable to shareholders by 37.31%, and a significant rise in net profit after deducting non-recurring profits and losses by 279.95%. This indicates a strong recovery and operational improvement over the year, despite the quarterly challenges.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.00 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 a proposed issuance of A Shares to specific investors, including CNAHC and CNAC Holding, with the aim of raising up to RMB 20 billion. This connected transaction, subject to shareholder approval, is intended to strengthen the company’s financial position and involves the issuance of over 3 billion new A Shares. The move is part of Air China’s strategy to enhance its capital structure and improve its market competitiveness.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China has entered into an Aircraft Sales Framework Agreement with Beijing Leasing Company, effective from October 30, 2025, to December 31, 2027. This agreement involves the sale of aircraft owned by Air China to Beijing Leasing Company, a connected entity under the Hong Kong Listing Rules. The transactions are subject to specific announcement and annual review requirements but are exempt from independent shareholder approval, highlighting a strategic move to manage its fleet and financial operations while maintaining compliance with regulatory standards.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.00 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 the resignation of Mr. Xiao Peng from his position as Chief Engineer due to age. The company expressed gratitude for his contributions, and Mr. Xiao confirmed no disagreements with the board, indicating a smooth transition. This change in senior management is not expected to disrupt operations or affect stakeholders significantly.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
Air China Limited reported a significant increase in passenger traffic for September 2025, with a 5.6% year-on-year growth in revenue passenger kilometers. The company also saw improvements in passenger load factors across domestic, international, and regional routes. Despite a decrease in cargo capacity, cargo and mail traffic increased by 4.6%, with a higher cargo load factor. Additionally, Air China expanded its fleet and introduced a new route from Beijing Daxing International Airport to Ganzhou Ruijin.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$5.50 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 a board meeting scheduled for October 30, 2025, to review and approve the company’s third-quarter financial results for the period ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting stakeholders and the company’s market positioning.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.