Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Air China's retained earnings for the quarter that ended in Mar. 2026 was $-4,465 Mil.
Air China's quarterly retained earnings
declined
from Sep. 2025 ($-4,053 Mil) to Dec. 2025 ($-4,612 Mil) but then
increased
from Dec. 2025 ($-4,612 Mil) to Mar. 2026 ($-4,465 Mil).
Air China's annual retained earnings
increased
from Dec. 2023 ($-4,271 Mil) to Dec. 2024 ($-4,223 Mil) but then
declined
from Dec. 2024 ($-4,223 Mil) to Dec. 2025 ($-4,612 Mil).
Air China (OTCPK:AIRYY) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Air China Retained Earnings Historical Data
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The historical data trend for Air China's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $-4,465 Mil mean?
Air China (AIRYY) has a Retained Earnings of $-4,465 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Air China and its competitors.
Is Air China's Retained Earnings too high?
Air China's current Retained Earnings is $-4,465 Mil. Overall, Air China has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air China's Retained Earnings compare to DAL and UAL?
Air China's Retained Earnings of $-4,465 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Transportation company?
A good Retained Earnings depends on the Transportation industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Air China and its competitors. Air China's current Retained Earnings is $-4,465 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air China stock overvalued right now?
Based on GuruFocus' analysis, Air China (AIRYY) is currently considered Possible Value Trap. The stock's GF Value™ is $15.27, compared to a current price of $10.40 — trading 31.9% below its estimated fair value. The current Retained Earnings is $-4,465 Mil. Air China's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Air China (AIRYY), the current Retained Earnings is $-4,465 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Air China (AIRYY) Overvalued in 2026?
Based on GuruFocus' analysis, Air China stock appears to be undervalued.
The current stock price of $10.40 is trading 31.9% below its estimated GF Value™ of $15.27.
GuruFocus considers Air China to be Possible Value Trap.
Key valuation signals for AIRYY:
Retained Earnings: $-4,465 Mil
GF Value™: $15.27 vs. price of $10.40 (31.9% below fair value)
No single metric tells the full story. See the AIRYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air China Ltd is based in Beijing and principally provides airline and related services, which include aircraft engineering and airport ground handling. The majority of the company's revenue comes from airline operations, with a smaller portion generated from rental income. Company has two segments (a) The airline operations segment which mainly comprises the provision of air passenger and air cargo services; and (b) The other operations segment which comprises the provision of aircraft engineering and other airline-related services. Geographically, majority of its revenue is derived from Mainland China followed by International segment and Hong Kong SAR, Macau SAR and Taiwan.
65GF Score
Get the complete analysis for AIRYY
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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