Air China Limited (601111.SS)
| Previous Close | 7.18 |
| Open | 7.20 |
| Bid | 7.31 x 0 |
| Ask | 7.32 x 0 |
| Day's Range | 7.18 - 7.33 |
| 52 Week Range | 6.81 - 11.02 |
| Volume | |
| Avg. Volume | 60,448,466 |
| Market Cap | 102.047B |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.07 |
| Earnings Date | Apr 26, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Jul 16, 2020 |
| 1y Target Est | 9.43 |
Zacks3 Beaten-Down Transportation Stocks That Could be Winners in 2024
We expect stocks like KNOT Offshore Partners (KNOP), Air China (AIRYY) and Alstom (ALSMY) to perform well in 2024, unlike 2023.
ReutersAir China plans up to $842 million share placement to buy planes, boost capital
Air China plans to raise up to 6.0 billion yuan ($842 million) in a private share sale on the Shanghai Stock Exchange to expand its fleet and replenish working capital, it said on Friday. The flagship carrier is aiming to sell up to 854.7 million shares, equivalent to 30% of its existing capital, to its controlling shareholder China National Aviation Holding Corporation Limited, it said in a statement to the Shanghai exchange. Air China will use 4.2 billion yuan of the proceeds to fund the purchase of 17 airplanes, with the remaining 1.8 billion yuan used to boost its working capital, according to the filing.
ReutersChina's top airlines report quarterly profit after years of losses
BEIJING (Reuters) -China Southern Airlines and China Eastern Airlines each reported first quarterly profits in more than three years on Friday, as a pickup in international flights complemented a recovery in the domestic market. The results, coupled with similarly encouraging figures from Air China, are helping to fan industry hopes for China's big three state carriers to finally step out of the difficulties brought by the COVID-19 pandemic. China Southern, based in the southern city of Guangzhou, reported third-quarter profit of 4.2 billion yuan ($573.89 million), compared with a loss of 1.0 billion yuan in the prior quarter, and a loss of 6.1 billion in the year-earlier quarter.
