Air China Limited: Company Profile and SWOT Analysis

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					Air China Limited

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Air China Limited                                                                     Financial Snapshot

                                                                                      Operating Performance
Fast Facts
                                                                                      The company reported revenue of US$11,941.40
Headquarters Address                    South Houji Building, Beijing, 100621,China
                                                                                      million during the fiscal year 2010 (2010). The
                                                                                      company's revenue grew at a CAGR of 21.68%
Telephone                                + 86 10 64582419
                                                                                      during 2006–2010, with an annual growth of 59.86%
                                                                                      over 2009. In 2010, the company recorded an
Fax                                      + 86 10 64593853                             operating margin of 17.62%, as against 8.25% in
                                                                                      2009.
Website                                 www.airchina.com.cnen

Ticker Symbol, Stock Exchange           601111 , Shanghai Stock Exchange              Revenue and Margins

Number of Employees                     24,459

Fiscal Year End                         December

Revenue (in US$ million)                11,941.40

Revenue (in CNY million)                80,962.68




SWOT Analysis
                                                                                      Return on Equity
Strengths                               Weaknesses
                                                                                      The company recorded a return on equity (ROE) of
Strategic alliances                     Limited liquidity position                    29.31% for 2010, as compared to its peers, Delta Air
                                                                                      Lines, Inc. (Ticker: DAL), China Eastern Airlines
                                                                                      Corporation Limited (Ticker: 600115) and China
Strong operating performance                                                          Southern Airlines Limited (Ticker: 1055), which
                                                                                      recorded ROEs of 66.11%, 34.54% and 21.69%
Wide range of aviation services                                                       respectively. The company reported an operating
                                                                                      margin of 17.62% in 2010.
Opportunities                           Threats
                                                                                      Return on Equity
Positive outlook for Asia Pacific air
                                        Foreign currency fluctuations
transportation market
Positive outlook for Chinese travel and
                                        Increasing fuel prices
tourism industry
Positive outlook for international      Stringent regulations in aviation
airfreight market                       industry

Strategic growth initiatives




                                                                                      Liquidity Position

                                                                                      The company reported a current ratio of 0.41 in 2010,
                                                                                      as compared to its peers, Delta Air Lines, Inc., China
                                                                                      Eastern Airlines Corporation Limited and China
                                                                                      Southern Airlines Limited, which recorded current
                                                                                      ratios of 0.64, 0.30 and 0.49 respectively. As of
                                                                                      December 2010, the company recorded cash and
                                                                                      short-term investments of worth US$2,218.05 million,
                                                                                      against US$1,684.61 million current debt. The
                                                                                      company reported a debt to equity ratio of 2.04 in
                                                                                      2010 as compared to its peers, Delta Air Lines, Inc.,
                                                                                      China Eastern Airlines Corporation Limited and China
                                                                                      Southern Airlines Limited, which recorded debt to
                                                                                      equity ratios of 17.00, 2.76 and 2.08 respectively.




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Air China Limited - SWOT Profile                                                                                              Page 1
Air China Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization ................................................................................................................................
				
DOCUMENT INFO
Description: World Market Intelligence's 'Air China Limited: Company Profile and SWOT Analysis' contains in depth information and data about the company and its operations. The profile contains a company overview, business description, financial ratios, competitor benchmarking data, SWOT analysis, key facts, key employees, information on products and services, details of locations and subsidiaries, plus information on key news events affecting the company.
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