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Air China (753) investor relations material
Air China Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 rose 11.28% year-over-year to RMB 44.54 billion, with net profit attributable to shareholders reaching RMB 1.71 billion, a significant turnaround from a loss in Q1 2025.
Profitability improved due to optimized route structure, increased production scale, and refined cost control measures.
Financial highlights
Total profit for Q1 2026 was RMB 1.90 billion, compared to a loss of RMB 2.45 billion in Q1 2025.
Net cash flows from operating activities increased 9.71% year-over-year to RMB 9.15 billion.
Basic and diluted EPS were RMB 0.10, up from -0.12 in Q1 2025.
Owners' equity attributable to shareholders rose 3.38% from year-end 2025 to RMB 43.99 billion.
Outlook and guidance
Continued focus on market opportunities, route optimization, and cost control expected to sustain profitability improvements.
- Revenue up 2.87% YoY, but net loss widened to RMB 1.788 billion; no dividend for 2025.753
Q4 202530 Mar 2026 - Revenue up 33.4%, net loss narrowed, and international travel rebounded strongly.753
Q2 20248 Dec 2025 - Year-to-date profit surged on higher revenue and cost control, despite a Q3 net profit dip.753
Q3 202530 Oct 2025 - Revenue up 1.56%, net loss narrows, international growth strong, risks remain.753
Q2 202517 Sep 2025 - Air China achieved robust revenue and profit growth YTD, with major fleet expansion underway.753
Q3 202413 Jun 2025 - Net loss widened to RMB 2.04 billion in Q1 2025 amid flat revenue and rising costs.753
Q1 202512 Jun 2025 - Net loss narrowed sharply on 18% revenue growth and robust international recovery.753
Q4 20246 Jun 2025
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