China Airlines (2610) Q2 2025 earnings summary

Executive summary

• Operating revenue for the six months ended June 30, 2025, was NT$104.1 billion, up 5% year-over-year, with net profit at NT$8.9 billion, a 25% increase from the prior year period.

• Gross margin remained stable at 82%, while operating profit margin improved to 11% from 8% year-over-year.

• Earnings per share for the six months were NT$1.32 basic and NT$1.30 diluted, compared to NT$1.08 and NT$1.06, respectively, in the prior year.

Financial highlights

• Operating revenue for Q2 2025 was NT$51.3 billion, up 2% year-over-year; gross profit for the quarter was NT$9.6 billion.

• Net profit for Q2 2025 was NT$4.25 billion, up 14% from Q2 2024.

• Cash and cash equivalents at June 30, 2025, were NT$49.4 billion, down from NT$66.6 billion at year-end 2024.

• Net cash from operating activities for the six months was NT$17.9 billion, with net cash used in investing activities of NT$25.6 billion.

Outlook and guidance

• The company continues to invest in fleet renewal, with significant aircraft purchase commitments extending through 2031.

• Ongoing assessment of IFRS amendments and new standards, with no material impact expected in the near term.