Air China (OTCMKTS:AIRYY) Posts Quarterly Earnings Results, Misses Expectations By $0.70 EPS

Air China (OTCMKTS:AIRYY) announced its quarterly earnings data on Friday. The transportation company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.70), Zacks reports. The company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $12.63 billion. Air China had a net margin of 0.19% and a return on equity of 0.79%.

Air China Stock Down 2.2%

AIRYY stock opened at $12.03 on Friday. The company has a 50 day moving average of $17.18 and a two-hundred day moving average of $16.14. The company has a market cap of $10.49 billion, a price-to-earnings ratio of -40.08 and a beta of -0.14. Air China has a 12-month low of $10.40 and a 12-month high of $19.00. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 3.75.

Air China Company Profile

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.