Air China operates a global route network that centers on hubs such as Beijing and Chengdu. It enjoys the highest yield compared with China Southern Airlines and China Eastern Airlines. We think this is largely attributable to its stronghold in Beijing, its main base. Air China used to control more than 40% of the market share at the world’s second busiest airport, Beijing Capital International Airport, or BCIA.
Air China will see the largest earnings upside among the three airlines as China ends its zero-COVID-19 policy.
Chinese yuan depreciation damps Air China's earnings.
|
Metric
|
601111
|
C6L
|
00293
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 11.71 | 8.26 |
Price/Book Value | 3.18 | 1.41 | 0.87 |
Price/Sales | 0.72 | 1.09 | 0.63 |
Price/Cash Flow | 2.97 | 4.40 | 3.10 |
|
Metric
|
601111
|
C6L
|
00293
|
|---|---|---|---|
Quick Ratio | 0.25 | 1.08 | 0.47 |
Current Ratio | 0.33 | 1.23 | 0.50 |
Interest Coverage | 0.87 | 7.09 | 3.60 |
|
Metric
|
601111
|
C6L
|
00293
|
|---|---|---|---|
Return on Assets (Normalized) | −0.55% | 5.83% | 3.95% |
Return on Equity (Normalized) | −5.09% | 17.74% | 12.62% |
Return on Invested Capital (Normalized) | 1.69% | 12.55% | 7.54% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Delta Air Lines Inc
DAL
| Gdznpth | Zfj | $29.7 Bil | |||
| Ryanair Holdings PLC ADR
RYAAY
| — | Dyrffn | $20.5 Bil | |||
| Ryanair Holdings PLC
RYAOF
| — | Ycbrnpr | $20.5 Bil | |||
| Southwest Airlines Co
LUV
| Lzfbhym | Tdy | $16.1 Bil | |||
| United Airlines Holdings Inc
UAL
| Ldpqmsj | Qjlq | $15.5 Bil | |||
| Singapore Airlines Ltd
SINGF
| — | Qkbm | $15.4 Bil | |||
| Singapore Airlines Ltd ADR
SINGY
| — | Tbjjn | $15.4 Bil | |||
| Air China Ltd Class H
AICAF
| — | Ndwh | $13.8 Bil | |||
| Air China Ltd ADR
AIRYY
| — | Tgl | $13.8 Bil | |||
| American Airlines Group Inc
AAL
| Xkfngsjpq | Mvm | $7.2 Bil |
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