Air China (753) Q1 2026 earnings summary

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.