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Taiwan's flag-carrier airline, operating passenger and cargo flights across Asia, North America, Europe and Oceania.
Taiwan's flag-carrier airline, operating passenger and cargo flights across Asia, North America, Europe and Oceania.
Tickets and cargo freight carry the company, with cargo a larger share than at most passenger airlines because Taiwan's electronics exports move by air. Taiwan's National Development Fund, a government fund, is the largest shareholder, and the group also owns low-cost carrier Tigerair Taiwan and regional carrier Mandarin Airlines.
In one line: Taiwan's United Airlines, with a bigger cargo business.
Moat: narrow (scale, brand, installed base). Flag carrier with SkyTeam alliance ties and a large cargo fleet, but competes in a commoditized industry.
Headquarters: Taoyuan, Taiwan
Size China Airlines (2610.TW) is a Taiwan Industrials company (Airlines) with a market value of $3.94B, the 104th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$21.20 on 6 Nov 2026.
Performance Over six months the shares gained 17.4%, against +10.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +11.3%); the operating margin is 8.2% (peer median 6.2%).
Valuation It trades at 9.9× forward earnings against a peer median of 19.0× (4th cheapest of 17).
Capital Return on invested capital runs 2.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$226B | NT$209B | NT$204B | NT$185B | NT$151B |
| Revenue growth | — | +3% | +10% | +23% | — |
| Gross profit | NT$34.9B | NT$35.5B | NT$32.6B | NT$22.0B | NT$9.99B |
| EBITDA | NT$48.6B | NT$50.1B | NT$47.7B | NT$40.8B | NT$32.9B |
| Net income | NT$13.2B | NT$14.7B | NT$14.4B | NT$6.82B | NT$2.86B |
| Free cash flow | -NT$13.4B | -NT$4.31B | NT$29.5B | NT$26.7B | NT$19.8B |
| Capital expenditure | NT$67.5B | NT$54.0B | NT$25.0B | NT$29.4B | NT$27.1B |
| Total debt | NT$135B | NT$110B | NT$97.5B | NT$94.0B | NT$108B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Airlines 2610.TW | $3.94B | +17% | +8% | 8% | 9.9× | n/a |
| Eva Airways 2618.TW | $7.12B | +28% | +6% | 14% | 10.1× | -17.0% |
| Starlux Airlines 2646.TW | $1.76B | -6% | +23% | 1% | 52.3× | n/a |
| Cathay Pacific Airways 0293.HK | $11.7B | +19% | +20% | 11% | 8.1× | -12.4% |
| Singapore Airlines C6L.SI | $17.2B | +11% | +5% | 12% | 30.1× | -11.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2610.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.5% | +4.1% | 10th highest of 21 |
| 6-month return | +17.4% | +10.5% | 8th highest of 21 |
| Distance from 52-week high | -14.3% | -23.5% | 10th highest of 21 |
| Revenue growth (TTM) | +8.0% | +11.3% | 5th lowest of 21 |
| Operating margin | 8.2% | 6.2% | 8th highest of 21 |
| Forward P/E | 9.9× | 19.0× | 4th cheapest of 17 |
| ROIC minus cost of capital | +2.8 pp | -0.2 pp | 7th highest of 21 |
| EV / EBITDA | 4.4× | 5.2× | 6th cheapest of 14 |
| Net debt / EBITDA | 1.6× | 2.2× | 5th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Airlines 2610.TW | Taiwan | $3.94B | +17% | +8% | 8% | 9.9× | n/a | n/a |
| Air Canada AC.TO | Canada | $3.95B | +10% | +13% | 2% | n/a | 14.3% | +30.8% |
| Air France-KLM AF.PA | France | $3.99B | +34% | +5% | 6% | 4.7× | -6.3% | +24.4% |
| Alaska Air ALK | United States | $4.35B | -5% | +8% | -1% | n/a | n/a | n/a |
| Juneyao Airlines 603885.SS | China | $3.42B | -8% | +8% | 1% | 69.5× | 0.4% | +17.4% |
| Exchange Income EIF.TO | Canada | $4.77B | +13% | +33% | 11% | 24.6× | n/a | n/a |
| SkyWest SKYW | United States | $3.02B | -10% | +7% | 14% | 7.5× | 2.2% | +13.8% |
| Copa CPA | United States | $5.87B | +16% | +15% | 19% | 9.0× | n/a | n/a |
| Allegiant Travel ALGT | United States | $2.51B | +11% | +12% | 9% | 12.7× | n/a | n/a |
| Spring Airlines 601021.SS | China | $6.51B | -6% | +16% | 6% | 26.0× | n/a | n/a |
| Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR AERO | United States | $2.32B | +1% | +10% | 11% | 10.4× | -6.6% | +32.3% |
| easyJet EZJ.L | United Kingdom | $6.96B | +90% | +10% | 5% | 68.9× | 4.8% | +27.4% |
| Eva Airways 2618.TW | Taiwan | $7.12B | +28% | +6% | 14% | 10.1× | -17.0% | +19.9% |
| Air China Cargo 001391.SZ | China | $7.12B | -21% | +10% | 9% | n/a | n/a | n/a |
| Hainan Airlines 600221.SS | China | $7.85B | -20% | +6% | -3% | 24.2× | 5.0% | +18.4% |
| KAL 003490.KS | South Korea | $7.99B | +20% | +21% | 2% | 21.1× | n/a | n/a |
| Milkyway Intelligent Supply Chain Service 603713.SS | China | $1.90B | +29% | +15% | 8% | 16.8× | n/a | n/a |
| American Airlines AAL | United States | $8.73B | -1% | +12% | 2% | n/a | n/a | n/a |
| Starlux Airlines 2646.TW | Taiwan | $1.76B | -6% | +23% | 1% | 52.3× | n/a | n/a |
| Frontier ULCC | United States | $1.71B | +40% | +24% | -15% | 1,818.4× | 31.6% | +24.4% |
| Japan Airlines 9201.T | Japan | $9.08B | +34% | +10% | 8% | 15.3× | -9.7% | +33.1% |