
May 2026
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![]() | Air China Ltd is based in Beijing and principally provides airline and related services, which include aircraft engineering and airport ground handling. The majority of the company's revenue comes from airline operations, with a smaller portion generated from rental income. Geographically, majority of its revenue is derived from Mainland China. | $1 | -17% | $15B | $45B | 1.8x | 8.8x | ||
![]() | China Southern Airlines Co Ltd is based in Guangzhou principally engaged in airline operations. The Group also operates certain airline-related businesses, including the provision of aircraft maintenance and air catering services. The Group has two reportable operating segments: airline transportation operations and other segments. Airline transportation operations comprise the Group’s passenger and cargo, and mail operations. Other segments include cargo handling, hotel and tour operation, ground services, air catering services, and other miscellaneous services. Geographically, the company operates in the Domestic, International, and Hong Kong, Macau, and Taiwan markets. | $1 | -11% | $13B | $42B | 1.6x | 6.9x | ||
![]() | China Eastern Airlines Corp Ltd principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery and other extended transportation services, also manufacturing and maintenance of aircraft and aviation equipment, agency services, import and export business, tourism and hotel business; and other businesses related to air transportation. The Group has two reportable segments. Airline transportation operations mainly comprise the provision of passenger, cargo, mail delivery, and ground services. Other services, including tour operations, air catering, and other miscellaneous services, are not included within the airline transportation operations segment. | $1 | +6% | $13B | $37B | 1.8x | 8.0x | ||
![]() | Hainan Airlines Holding Co Ltd is an airline company. The company is engaged in operating approved domestic air passenger and cargo transportation business, as well as business charter flight business to neighboring countries and regions. It is also engaged in the production of in-flight supplies, aviation equipment, aviation ground equipment and spare parts, terminal services and operations, and provides insurance agency services. | $0 | +9% | $9B | $23B | 2.3x | 8.9x | ||
![]() | Spring Airlines Co Ltd is a China-based airline company, principally engaged in the airline transportation of passengers and freight. The company focuses on providing passenger and cargo air transportation services across mainland China, international routes, as well as Hong Kong, Macao, and Taiwan, along with other activities connected to the air transport industry. | $7 | -20% | $7B | $9B | 2.8x | 9.1x | ||
![]() | Juneyao Airlines Co Ltd is engaged in air passenger and cargo transportation and related aviation service business. The company is also involved in the import and export of aero equipment. | $2 | -17% | $4B | $8B | 2.5x | 9.3x | ||
| Median | $1 | -14% | $11B | $30B | 2.0x | 8.9x |
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