Asia300

Air China Ltd.

China

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Aug 18, 2017
Prev close: 6.87
Aug 18, 2017
Market cap:
Market cap(USD):
139,841M
17,877.5M
Shares: 14,524.8M

Currency in HKD

Company profile

Market(Ticker): HKG(753)
Sector:
Industry:
Transportation
Airlines
Full time employees: 80,022

Business summary

Air China Ltd. engages in the operation of airline industry. It provides aircraft engineering, food catering, airport ground handling, cargo & passenger air transportation and other airline-related services. The company was founded in 1988 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 2016

  • Local currency
  • US Dollar
Revenue 132,814.15M
Gross profit 30,583.86M
Operating income 19,383.45M
Income before tax 11,914.52M
Net income 7,961.62M
EBITDA 35,305.35M
Diluted EPS 0.64
Dividends per share 0.12
Total assets 250,046.69M
Total liabilities 164,048.67M
Total equity 76,841.47M
Operating cash flow 36,775.01M

Currency in HKD

Revenue 17,109.80M
Gross profit 3,939.97M
Operating income 2,497.07M
Income before tax 1,534.89M
Net income 1,025.65M
EBITDA 4,548.21M
Diluted EPS 0.08
Dividends per share 0.01
Total assets 32,250.98M
Total liabilities 21,158.97M
Total equity 9,911.00M
Operating cash flow 4,737.54M

Currency in USD

Valuation measures

Dec 2016

PER 7.70
ROA 3.15%
ROE 10.74%
Operating margin 14.59%
Profit margin 5.99%

Key executive

  • President & Executive Director: Zhi Yong Song
  • Vice President: Ming Yuan Wang
  • Vice President: Wei Xi Chai
  • Vice President: Chong Xian Ma
  • Non-Executive Director & Vice President: Gang Feng

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(0.9%)
  • BlackRock Asset Management North Asia Ltd.(0.7%)
  • Hang Seng Investment Management Ltd.(0.6%)
  • FIL Investment Management (Hong Kong) Ltd.(0.5%)
  • Dimensional Fund Advisors LP(0.3%)
  • Norges Bank Investment Management(0.3%)
  • APG Asset Management NV(0.3%)

Address

  • Website: http://www.airchina.com
  • Address: No. 30 Tianzhu Road, Airport Industrial Zone, Beijing, 101312, China
  • Phone: +86.10.61462777

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