MBAIRCN@EC2605A

China National Aviation replies to SSE's first round of inquiries on 定向 issuance of stocks

Air China passenger traffic up 8.7% in December

Air China Passenger Turnover Up in December 2025

Air China's Application for Issuing A-shares Accepted by SSE

Cathay Pacific and Air China Complete Share Transfer, Swire Applies for Offer Exemption

Air China Sells Partial Stake in Cathay Pacific

Chengdu International Aviation Hub Exceeds 90 Million Passengers Annually

Aerospace and Tourism Sector Performs Well Due to Holiday Travel Boom and Supply-Demand Improvement

Air China and Its Subsidiary Sign an Agreement to Purchase 60 A320NEO Aircraft from Airbus

Air China Receives its 9th C919 Aircraft

C919 Delivery to Air China by Jianxin Financial Leasing

Air China Cargo 5.4% Shares Lock-up Period Ends

Goldman Sachs Recommends Buying Air China and COSCO Energy, Downgrades COSCO Shipping

AVIC International and Kunhang Investment Increase Capital in Shenzhen Airlines

China National Airlines Successfully Passes A-Share Issuance Resolution at Extraordinary General Meeting

Air China Passenger Traffic Grew by 7.4% in November

Air China's Passengers Turnover Volume Increased in November 2025

Air China to Hold Extraordinary General Meeting to Approve 定向增发 A 股议案

China's Three Major Airlines Extend Refund and No Change Fee Policy for Japan-Related Flights

Air China to Hold Extraordinary General Meeting to Discuss A-share Issuance

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CELESTIAL ASIA

TOP SPRING

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RISECOMM GP

SHENG YUAN HLDG

BIOSINO BIO-TEC

FULLSHARE

SILKWAVE INC

WECON HOLDINGS

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MMG(01208) rose 11.48%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 19.6%. Lens(06613) rose 9.36%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 25.9%. MINIMAX-WP(00100) fell 4.81%, with a trading turnover 300.5 Million HKD, and a year-to-date rose 127.9%. AIR CHINA(00753) fell 4.28%, with a trading turnover 234.0 Million HKD, and a year-to-date rose 1.3%.

Top Gainers & Losers

Lens

ZIJIN GOLD INTL

GANFENGLITHIUM

LAOPU GOLD

MINIMAX-WP

AIR CHINA

CHINA EAST AIR

SANHUA

CHINA SOUTH AIR

Top 5 HK Stock Gainers/Losers (>100B) (1.23)

Air China (SEHK:753) has released its December 2025 operating statistics, revealing significant passenger volumes and cargo metrics. The airline's share price has seen a 21.43% return over 90 days and a 55.19% return over the past year, currently trading at HK$7.48. With a Price-to-Sales (P/S) ratio of 0.7x, Air China appears undervalued compared to peers and the industry. A discounted cash flow (DCF) analysis suggests a future cash flow value of HK$9.28, indicating potential for growth. Investors are encouraged to consider risks and conduct further research before making decisions.

Simplywall

Assessing Air China (SEHK:753) Valuation After Detailed 2025 Operating Statistics Update

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36Kr learned that Meituan Travel recently collaborated with Air China and several other airlines to launch the "Peace of Mind Travel for Parents" program, providing free full-process guidance services for passengers aged 55 and above. Users can directly book the "Elderly Escort" service when reserving flight tickets for seniors on the Meituan App

36Kr

Air China

MEITUAN

Meituan

Meituan Travel, in collaboration with Air China and others, has launched the "Peace of Mind Travel for Parents" program

Six airlines, including Air China and China Eastern, will operate over 600 extra flights to China for Lunar New Year, significantly increasing capacity compared to 2025. The flights will serve 15 cities from February 1 to March 8, covering major cities like Shanghai and Guangzhou, as well as secondary cities such as Changsha and Ningbo. Each of the three major airlines will operate more than 140 additional flights.

Singapore Business Review

Six airlines launch 600-flight blitz as Lunar New Year capacity doubles

Changi Airport is set to double its supplemental flights to China, offering over 600 additional flights to 15 cities from February 1 to March 8, ahead of the Chinese New Year. This increase, more than double the flights from 2025, is in response to rising travel demand, with Chinese tourists making up 18.7% of visitors to Singapore in 2024. Airlines including Air China and China Eastern will operate these flights, enhancing Singapore's role as a key gateway to China. Enhanced services will also be available at the airport during this period.

Businesstimes News

Changi Airport doubles supplemental China flights to 600 ahead of CNY travel surge

Air China's Passenger Capacity Rises 4% in December 2025

marketscreener

Air China's Passenger Capacity Rises 4% in December 2025

Air China Limited reported its operating results for December 2025. The company recorded an ATK of 3,860.5 million and an ASK of 30,163.6 million for the month, with a passenger load factor of 82.2%. Year-to-date, the ATK was 46,060.3 million and ASK was 367,637.1 million, carrying 160,583,000 passengers with an overall load factor of 68.5%. Total cargo and mail carried were 1,537,491.8 tonnes, with a cargo load factor of 39.0%.

Air China Limited Reports Group Operating Results for the Month and Year to Date Ended December 2025

Air China announced that passenger capacity input in December increased by 4% year-on-year, and passenger turnover increased by 10%. Domestic passenger capacity input rose by 4.2%, while international passenger capacity input rose by 4.1%. The average passenger load factor was 82.2%, an increase of 4.5 percentage points. In terms of cargo, capacity input increased by 1.9%, and cargo and mail turnover increased by 5.3%

AASTOCKS

Air China increased passenger capacity by 4% in December, and cargo and mail turnover rose by 5.3%

Air China Limited reported a 10% year-on-year increase in passenger traffic for December 2025, as measured by revenue passenger kilometers (RPK). Passenger capacity rose by 4.0%, with domestic routes seeing a 10.6% increase in traffic. International routes experienced a 9.1% rise, while regional routes had a 4.1% increase despite a slight decrease in capacity. The passenger load factor improved to 82.2%, up 4.5 percentage points from the previous year.

Reuters

Air China Reports December Passenger Traffic Up 10% Year-on-Year

Air China December passenger carried up 8.7% Y/Y

Air China December passenger carried up 8.7% Y/Y

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Morgan Stanley released a research report focusing on supply-side opportunities in the aviation, shipping, and express delivery industries, believing that market opportunities outweigh risks. It assigned an "Overweight" rating to Air China, China Eastern Airlines, China Southern Airlines, and Spring Airlines, with target prices of HKD 8.11, HKD 4.31, RMB 5.33, and RMB 62.4, respectively. In the shipping sector, it maintained a "Underweight" rating for COSCO Shipping Holdings and Orient Overseas, while giving an "Overweight" rating to COSCO SHIPPING Energy and China Merchants Energy Shipping. In the express delivery industry, it expects ZTO Express and YTO to gain more market share, assigning an "Overweight" rating

CMES

Cosco Ship Hold

COSCO SHIP HOLD

ZTO Express

ZTO EXPRESS-W

COSCO SHIPPING Energy

COSCO SHIP ENGY

Morgan Stanley: Focus on supply-side opportunities in the aviation, shipping, and express delivery industries, urging to "overweight" three major airline stocks

Air China Limited has announced that the Shanghai Stock Exchange has accepted its application to issue A shares to specific investors. The exchange confirmed that the company's prospectus and application documents are complete and will proceed with the review. The A-share issuance could enhance Air China's refinancing capacity, but the timing and outcome remain uncertain, prompting caution for shareholders. The latest analyst rating for Air China stock is a Buy with a price target of HK$8.20.

Tip Ranks

Shanghai Stock Exchange Accepts Air China’s A-Share Issuance Application

Air China Limited has applied for the issuance of A shares to specific investors, with its application accepted by the Shanghai Stock Exchange. The company has submitted the necessary documents, which comply with statutory requirements. However, the issuance is still subject to further review and approval by the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission. Air China has warned shareholders and potential investors about the uncertainty in the approval process and timeline.

Air China Applies for Private Placement of A Shares to Specific Investors

MBAIRCN@EC2605A(29756.HK)

Top 5 HK Stock Gainers/Losers (>100B) (1.23)

Assessing Air China (SEHK:753) Valuation After Detailed 2025 Operating Statistics Update

Meituan Travel, in collaboration with Air China and others, has launched the "Peace of Mind Travel for Parents" program

Six airlines launch 600-flight blitz as Lunar New Year capacity doubles

Changi Airport doubles supplemental China flights to 600 ahead of CNY travel surge