Asia300

Air China Ltd.

China

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Mar 24, 2017
Prev close: 6.57
Mar 24, 2017
Market cap:
Market cap(USD):
127,935M
16,470.7M
Shares: 14,524.8M

Currency in HKD

Company profile

Market(Ticker): HKG(753)
Sector:
Industry:
Transportation
Airlines
Full time employees: 77,374

Business summary

Air China Ltd. is engaged in the provision of airline and airline-related services, including aircraft engineering, air catering, and airport ground handling. It operates through the Airline Operations and Other Operations segment. The Airline Operations segment provides air passenger and cargo services. The Other Operations segment offers aircraft engineering, ground services, and other airline-related services. The company was founded on September 30, 2004 and is headquartered in Beijing, China.

Company background

Air China, a state-owned enterprise, is one of the country's top three carriers, alongside China Eastern Airlines and China Southern Airlines. Air China is a national flag carrier used by the country's top dignitaries, including the president and premier, when they fly domestically and internationally.

The airline's predecessor was a civil aviation arm of China's air force. It was brought under direct government control in 1980. The carrier was then split up, with what is now Air China taking over the Beijing base of operations and international routes. In another round of reorganization in 2002, the spinoffs were consolidated into Air China, China Eastern and China Southern.

Air China is headquartered at Beijing Capital International Airport. It is a member of Star Alliance and has a capital tie-up with Hong Kong's Cathay Pacific Airways. It boasts the largest international network of the major Chinese airlines.

Its leading shareholder is the state-owned China National Aviation Holding. Critics say privatization and service enhancements are needed to boost Air China's competitiveness.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 134,023.74M
Gross profit 30,418.48M
Operating income 18,017.08M
Income before tax 9,156.18M
Net income 8,355.60M
EBITDA 34,299.01M
Diluted EPS 0.67
Dividends per share 0.12
Total assets 255,056.43M
Total liabilities 174,837.62M
Total equity 71,395.99M
Operating cash flow 40,351.14M

Currency in HKD

Revenue 17,287.64M
Gross profit 3,923.66M
Operating income 2,324.01M
Income before tax 1,181.05M
Net income 1,077.78M
EBITDA 4,424.21M
Diluted EPS 0.08
Dividends per share 0.01
Total assets 32,909.86M
Total liabilities 22,559.25M
Total equity 9,212.20M
Operating cash flow 5,204.87M

Currency in USD

Valuation measures

Dec 2015

PER 9.00
ROA 3.23%
ROE 11.99%
Operating margin 13.44%
Profit margin 6.23%

Key executive

  • President & Vice Chairman: Zhi Yong Song
  • Vice President: Li Hua Yang
  • Vice President: Ming Yuan Wang
  • Vice President: Wei Xi Chai
  • Vice President: Chong Xian Ma

Share holders

  • Cathay Pacific Airways Ltd.(57.7%)
  • China State-Owned Assets Supervision & Admn Commission(4.9%)
  • The Vanguard Group, Inc.(1.3%)
  • BlackRock Fund Advisors(0.8%)
  • Hang Seng Investment Management Ltd.(0.7%)
  • FIL Investment Management (Hong Kong) Ltd.(0.7%)
  • BlackRock Asset Management North Asia Ltd.(0.5%)
  • Norges Bank Investment Management(0.3%)
  • Dimensional Fund Advisors LP(0.2%)
  • BlackRock Advisors (UK) Ltd.(0.2%)

Address

  • Website: http://www.airchina.com
  • Address: 30 Tianzhu Road, Tianzhu Airport Economic Dev Zone, Beijing, 101312, China
  • Phone: +86.10.61462777

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