Air China Past Earnings Performance
Past criteria checks 2/6
Air China's earnings have been declining at an average annual rate of -35.1%, while the Airlines industry saw earnings growing at 7.4% annually. Revenues have been declining at an average rate of 5.2% per year.
Key information
-35.1%
Earnings growth rate
-34.6%
EPS growth rate
| Airlines Industry Growth | 0.5% |
| Revenue growth rate | -5.2% |
| Return on equity | -0.8% |
| Net Margin | 0.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Air China makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 156,098 | 206 | 11,244 | 389 |
| 31 Dec 23 | 141,100 | -1,046 | 10,439 | 373 |
| 30 Sep 23 | 116,286 | -9,725 | 10,116 | 331 |
| 30 Jun 23 | 88,558 | -22,635 | 9,358 | 311 |
| 31 Mar 23 | 65,048 | -32,646 | 8,444 | 275 |
| 31 Dec 22 | 52,898 | -38,619 | 8,319 | 244 |
| 30 Sep 22 | 59,163 | -34,424 | 8,447 | 186 |
| 30 Jun 22 | 60,821 | -29,291 | 8,672 | 166 |
| 31 Mar 22 | 72,869 | -19,334 | 8,914 | 160 |
| 31 Dec 21 | 74,532 | -16,642 | 8,962 | 153 |
| 30 Sep 21 | 78,507 | -14,619 | 9,241 | 49 |
| 30 Jun 21 | 77,522 | -11,754 | 8,885 | 76 |
| 31 Mar 21 | 66,829 | -15,812 | 8,623 | 90 |
| 31 Dec 20 | 69,504 | -14,409 | 8,416 | 179 |
| 30 Sep 20 | 81,558 | -10,465 | 8,675 | 579 |
| 30 Jun 20 | 100,513 | -6,172 | 9,415 | 569 |
| 31 Mar 20 | 120,882 | -1,119 | 10,376 | 589 |
| 31 Dec 19 | 136,181 | 6,409 | 11,122 | 491 |
| 30 Sep 19 | 136,971 | 7,161 | 11,333 | 182 |
| 30 Jun 19 | 137,845 | 7,007 | 11,178 | 154 |
| 31 Mar 19 | 137,722 | 7,431 | 11,189 | 108 |
| 31 Dec 18 | 136,774 | 7,336 | 11,069 | 107 |
| 30 Sep 18 | 132,461 | 5,899 | 10,706 | 101 |
| 30 Jun 18 | 128,225 | 7,382 | 10,785 | 99 |
| 31 Mar 18 | 124,001 | 8,402 | 10,630 | 115 |
| 31 Dec 17 | 121,363 | 7,240 | 10,507 | 95 |
| 30 Sep 17 | 119,012 | 7,866 | 10,013 | 54 |
| 30 Jun 17 | 116,533 | 6,683 | 9,884 | 36 |
| 31 Mar 17 | 115,257 | 5,845 | 9,654 | 0 |
| 31 Dec 16 | 112,677 | 6,814 | 9,616 | 0 |
| 30 Sep 16 | 111,996 | 7,720 | 9,687 | 0 |
| 30 Jun 16 | 111,302 | 6,282 | 9,909 | 0 |
| 31 Mar 16 | 110,037 | 7,528 | 10,187 | 0 |
| 31 Dec 15 | 108,929 | 6,774 | 10,221 | 0 |
| 30 Sep 15 | 108,309 | 6,927 | 10,138 | 0 |
| 30 Jun 15 | 106,892 | 7,283 | 10,140 | 0 |
| 31 Mar 15 | 105,751 | 5,406 | 10,211 | 0 |
| 31 Dec 14 | 104,888 | 3,817 | 10,213 | 0 |
| 30 Sep 14 | 102,801 | 2,428 | 10,579 | 0 |
| 30 Jun 14 | 100,918 | 2,683 | 10,549 | 0 |
| 31 Mar 14 | 99,328 | 3,163 | 10,384 | 0 |
| 31 Dec 13 | 97,628 | 3,319 | 10,297 | 0 |
| 30 Sep 13 | 97,318 | 4,754 | 9,638 | 0 |
| 30 Jun 13 | 98,139 | 4,986 | 9,736 | 0 |
Quality Earnings: AD2 has a large one-off gain of CN¥2.8B impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: AD2 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AD2 has become profitable over the past 5 years, growing earnings by -35.1% per year.
Accelerating Growth: AD2 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AD2 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Airlines industry (92.7%).
Return on Equity
High ROE: AD2's Return on Equity (-0.8%) is considered low.