Air China Ltd Class H

00753: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$4.97	Yqk	Bylkdyfbq

Air China's Passenger Yield Fell Amid Cautious Traveler Spending and High-Speed Rail Competition

Cheng Wang

Sep 3, 2024

Business Strategy and Outlook

Air China operates a global route network that centers on hubs such as Beijing and Chengdu. It enjoys the highest yield compared with China Southern Airlines and China Eastern Airlines. We think this is largely attributable to its stronghold in Beijing, its main base. Air China used to control more than 40% of the market share at the world’s second busiest airport, Beijing Capital International Airport, or BCIA.

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