Asia300

China Airlines Ltd.

Taiwan

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Mar 27, 2017
Prev close: 10.5
Mar 27, 2017
Market cap:
Market cap(USD):
57,444.34M
1,884.65M
Shares: 5,470.89M

Currency in TWD

Company profile

Market(Ticker): TAI(2610)
Sector:
Industry:
Transportation
Airlines
Full time employees: 12,437

Business summary

China Airlines Ltd. engages in the provision of international air passenger transport and freight services. Its business includes air passenger transport in regular or occasional international charter contract; air cargo services; civil aviation international airport and transit of aircraft handling services; aircraft merchandise sales; aircraft catering; aircraft internal products such as cloth laundry washing and hospitality industry general business; in, out, and transit air cargo warehousing services; and aircraft airframe maintenance. The company was founded on September 07, 1959 and is headquartered in Taoyuan, Taiwan.

Company background

Founded in December 1959 by the Taiwanese government, China Airlines is Taiwan's flagship carrier and its largest. It is a member of the SkyTeam global airline alliance and offers both passenger and air cargo services.

The government-controlled airline flies to major destinations in North America, Europe and Asia. Traditionally a long-haul carrier with a fleet of 90 passenger and cargo jets, it mainly relies on Airbus A330 and Boeing 747 planes for intercontinental flights.

Now it mostly depends on regional passenger flights, particularly to China, Japan and South Korea, for revenue growth. Passenger flights account for more than two-thirds of the company's annual revenue, with the remainder coming from cargo services and onboard sales of duty-free goods.

In 2013, it created Tigerair Taiwan with Singapore-based Tigerair to tap Asia's budget air travel market.

Company President Chang Yu-Hern is a veteran in the local transportation sector. Previously he served as director-general of the Institute of Transportation under Ministry of Transportation and Communications. Before that, he was a director and consultant at the China Aviation Development Foundation, a government-controlled entity that is responsible for growing Taiwan's aviation industry.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 145,056.21M
Gross profit 19,444.84M
Operating income 8,129.19M
Income before tax 6,618.74M
Net income 5,763.71M
EBITDA 25,461.01M
Diluted EPS 1
Dividends per share 0.45
Total assets 221,926.30M
Total liabilities 161,601.78M
Total equity 58,037.87M
Operating cash flow 31,948.04M

Currency in TWD

Revenue 4,568.11M
Gross profit 612.35M
Operating income 256.00M
Income before tax 208.43M
Net income 181.51M
EBITDA 801.81M
Diluted EPS 0.03
Dividends per share 0.01
Total assets 6,756.36M
Total liabilities 4,919.83M
Total equity 1,766.91M
Operating cash flow 1,006.10M

Currency in USD

Valuation measures

Dec 2015

PER 11.32
ROA 2.55%
ROE 10.85%
Operating margin 5.60%
Profit margin 3.97%

Key executive

  • General Manager & Director: Yu Heng Chang
  • Deputy GM-Finance & Head-Accounting: Wan Chun Chung
  • Deputy General Manager & Director-Repairing Plant: Chun Chun Huang
  • Deputy General Manager-Enterprise Development: Hsiao Hsing Tung
  • Assistant General Manager: Yuan Huai Fang

Share holders

  • China Aviation Development Foundation(34.1%)
  • National Development Fund of The Executive Yuan(9.5%)
  • Chunghwa Telecom Co. Ltd.(4.8%)
  • Dimensional Fund Advisors LP(1.6%)
  • BlackRock Fund Advisors(1.6%)
  • The Vanguard Group, Inc.(1.5%)
  • Norges Bank Investment Management(0.8%)
  • BlackRock Advisors (UK) Ltd.(0.3%)
  • Mellon Capital Management Corp.(0.3%)
  • Andra AP-fonden(0.2%)

Address

  • Website: http://www.china-airlines.com
  • Address: No. 1 Hangzhan South Road, Dayuan District, Taoyuan, 337 58, Taiwan
  • Phone: +886.3.399.8888

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