China Airlines (2610) Q2 2026 earnings summary

Executive summary

• H1 2026 revenue rose 16.1% YoY to NT$120,815,551 thousand; operating profit was NT$9,101,311 thousand and net profit NT$7,695,303 thousand.

• Passenger and cargo revenue reached NT$70,244,473 thousand and NT$40,178,917 thousand, respectively, supporting revenue growth.

• Auditors issued a qualified review conclusion because certain non-significant subsidiaries and equity-method investments were not reviewed; no matter otherwise indicated material misstatement.

Financial highlights

• Q2 revenue was NT$63,818,520 thousand vs. NT$51,332,558 thousand YoY; operating profit was NT$2,665,275 thousand vs. NT$5,817,175 thousand, and net profit was NT$1,847,140 thousand vs. NT$4,249,714 thousand.

• H1 gross profit was NT$18,843,360 thousand vs. NT$19,202,248 thousand; gross margin was 16% vs. 18%.

• H1 basic EPS was NT$1.08 vs. NT$1.32; diluted EPS was NT$1.07 vs. NT$1.30.

• Cash generated from operations was NT$22,204,454 thousand vs. NT$17,907,185 thousand; period-end cash and equivalents were NT$50,494,819 thousand.

Outlook and guidance

• IATA projected 2.1% global RPK growth and a record 84% load factor in 2026; global passenger yield was expected to rise 7%, with ticket revenue up 9.2% YoY.

• The 2026 air cargo market was forecast to grow 0.7%, with Asia-Pacific the primary driver.

• Aircraft delivery plans include 787-9/787-10 deliveries in 2026–2029, A350-1000 from 2029, 777-9 from 2030 and 777-8F from 2031; Tigerair Taiwan plans A320neo deliveries from 2026–2028 and A321neo in 2032–2033.