Air China stock trades at HKD 3.70 as H1 losses deepen

Published on 10/07/2026 at 06:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Air China stock reported RMB 89.27 billion in H1 revenue, up 10.54 percent year over year. The passenger load factor rose to 84.74 percent, while the period loss widened to RMB 3.43 billion.

Air China, CNE1000001S0, Illustration mit AI erstellt.

Air China stock was trading at HKD 3.70 on the Hong Kong Stock Exchange on October 7, 2026, at 11:52 a.m. HKT, up HKD 0.04 from the prior close. The immediate market figure sits beside a mixed first-half report dated September 28, 2026, with higher revenue but a wider loss.

Revenue grows while losses widen

According to Investegate in the September 28, 2026 interim report, Air China generated RMB 89.27 billion in revenue for the six months ended June 30, 2026. That was a 10.54 percent increase from RMB 80.76 billion in the comparable 2025 period.

The revenue gain did not translate into a stronger bottom line. The same report showed a loss for the period of RMB 3.43 billion, compared with RMB 2.71 billion a year earlier, while the loss attributable to equity shareholders reached RMB 2.29 billion.

Passenger demand improves

Operating indicators provide the constructive part of the report. Passenger traffic increased 3.35 percent to 79.70 million in the first half, and the passenger load factor rose 4.02 percentage points to 84.74 percent, according to Investegate.

Air China's August operating update showed the same demand pattern. Simply Wall St reported an August passenger load factor of 87.7 percent and 16.68 million passengers, while the year-to-date load factor stood at 85.2 percent.

Fuel costs remain the pressure point

Cost inflation explains why stronger traffic has not yet restored profitability. Air China reported jet fuel costs of RMB 32.77 billion for the first half, an increase of 34.69 percent from the prior-year period, while total operating expenses rose 12.38 percent to RMB 95.60 billion.

The report also places the balance-sheet tradeoff in view: total liabilities stood at RMB 295.44 billion on June 30, 2026, while the gearing ratio was 83.88 percent. Air China raised almost RMB 20.0 billion through a June share issuance to repay debt and replenish working capital, a capital measure that supports liquidity but increases the share base.

Air China stock stays below yearly high

Air China stock was trading at HKD 3.70 on October 7, 2026, with 1,436,000 shares changing hands by 11:52 a.m. HKT. Its 52-week range was HKD 3.56 to HKD 7.77, leaving the quotation materially closer to the low than the high.