Hainan Airlines Co Ltd A vs ANA: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Hainan Airlines Co Ltd A (600221.CG)

Q3 202617 Jul – 24 Aug 2026

▲2

Hainan Airlines Expands Fleet and Swings to Profit on Cost Cuts

Fleet expansion with 40 Airbus A320neo jets Hainan Airlines agreed to buy 40 A320neo aircraft for up to $5.36 billion, with deliveries from 2028 to 2032. This modernizes its fleet, lowers fuel and maintenance costs, and supports future growth, though it requires significant capital and approvals.
This is the period's biggest new event, directly shaping the company's long-term capacity and cost structure.
First-half profit jumps 3.7 times on cost control and forex gains Hainan Airlines reported net profit of 270 million yuan for H1 2026, up 374% year on year, as revenue rose 7.36%. Profit was boosted by 1.88 billion yuan in exchange gains and a 1.66 billion yuan cut in period expenses, showing better cost management.
This is the latest hard financial result, confirming a turnaround in profitability that supports the stock.
Profit quality relies on one-off items, not core operations Excluding non-recurring items, net profit was only 29.2 million yuan, though still up 156%. The large gap means reported profit was mostly from exchange gains and asset sales, so the core business remains thin and vulnerable to fuel costs and currency swings.
This is the key counterweight: it shows the headline profit surge is not fully sustainable, which could temper investor enthusiasm.

August 202617 Jul – 24 Aug 2026

▲2

Hainan Airlines Expands Fleet and Swings to Profit on Cost Cuts

Fleet expansion with 40 Airbus A320neo jets Hainan Airlines agreed to buy 40 A320neo aircraft for up to $5.36 billion, with deliveries from 2028 to 2032. This modernizes its fleet, lowers fuel and maintenance costs, and supports future growth, though it requires significant capital and approvals.
This is the period's biggest new event, directly shaping the company's long-term capacity and cost structure.
First-half profit jumps 3.7 times on cost control and forex gains Hainan Airlines reported net profit of 270 million yuan for H1 2026, up 374% year on year, as revenue rose 7.36%. Profit was boosted by 1.88 billion yuan in exchange gains and a 1.66 billion yuan cut in period expenses, showing better cost management.
This is the latest hard financial result, confirming a turnaround in profitability that supports the stock.
Profit quality relies on one-off items, not core operations Excluding non-recurring items, net profit was only 29.2 million yuan, though still up 156%. The large gap means reported profit was mostly from exchange gains and asset sales, so the core business remains thin and vulnerable to fuel costs and currency swings.
This is the key counterweight: it shows the headline profit surge is not fully sustainable, which could temper investor enthusiasm.

Latest17 Jul – 24 Aug 2026

▲2

Hainan Airlines Expands Fleet and Swings to Profit on Cost Cuts

Fleet expansion with 40 Airbus A320neo jets Hainan Airlines agreed to buy 40 A320neo aircraft for up to $5.36 billion, with deliveries from 2028 to 2032. This modernizes its fleet, lowers fuel and maintenance costs, and supports future growth, though it requires significant capital and approvals.
This is the period's biggest new event, directly shaping the company's long-term capacity and cost structure.
First-half profit jumps 3.7 times on cost control and forex gains Hainan Airlines reported net profit of 270 million yuan for H1 2026, up 374% year on year, as revenue rose 7.36%. Profit was boosted by 1.88 billion yuan in exchange gains and a 1.66 billion yuan cut in period expenses, showing better cost management.
This is the latest hard financial result, confirming a turnaround in profitability that supports the stock.
Profit quality relies on one-off items, not core operations Excluding non-recurring items, net profit was only 29.2 million yuan, though still up 156%. The large gap means reported profit was mostly from exchange gains and asset sales, so the core business remains thin and vulnerable to fuel costs and currency swings.
This is the key counterweight: it shows the headline profit surge is not fully sustainable, which could temper investor enthusiasm.

ANA Holdings Inc. (9202.JP)

Q3 202630 Jul – 24 Sep 2026

▼2▲1

ANA's profit squeezed by fuel costs; schedule pact and safety probe shape outlook

Fuel costs crush quarterly profit despite record revenue ANA's April–June revenue hit a record 672.7 billion yen, up 22.6%, but operating profit fell 43.5% to 20.7 billion yen as fuel costs and taxes jumped 86.9 billion yen. The full-year forecast and a dividend cut to 60 yen were kept unchanged, so the profit squeeze is the main drag on the shares.
This is the period's core earnings event and the biggest force pushing 9202.JP down.
Fuel surcharges falling as jet fuel prices ease ANA and JAL will cut international fuel surcharges to about 50,000–55,000 yen for September–October tickets, down from a record 65,000 yen, because jet fuel prices have fallen. Lower surcharges trim revenue per ticket, but cheaper fuel eases the cost pressure that crushed profits, so the net effect is mixed.
It shows the fuel-cost swing working in both directions on ANA's revenue and margins.
First-ever schedule coordination with JAL on domestic routes ANA and rival JAL will coordinate Haneda–Okayama departure times from late October, avoiding overlaps to lift load factors on money-losing domestic routes. Regulators signalled this does not break antitrust rules, opening the door to similar cooperation elsewhere and improving domestic profitability.
It is a new structural change that could improve ANA's weakest business, domestic routes.
Naha emergency evacuation classified a serious incident An ANA Boeing 737-800 turned back to Naha with engine trouble and passengers evacuated by slide; three people had minor injuries. Regulators classified it a serious incident and are investigating. Such events can bring scrutiny, repair costs and reputational risk, weighing on sentiment even if operations continue normally.
It is the period's newest safety event and a fresh risk to ANA's reputation and regulatory standing.

August 202630 Jul – 24 Sep 2026

▼2▲1

ANA's profit squeezed by fuel costs; schedule pact and safety probe shape outlook

Fuel costs crush quarterly profit despite record revenue ANA's April–June revenue hit a record 672.7 billion yen, up 22.6%, but operating profit fell 43.5% to 20.7 billion yen as fuel costs and taxes jumped 86.9 billion yen. The full-year forecast and a dividend cut to 60 yen were kept unchanged, so the profit squeeze is the main drag on the shares.
This is the period's core earnings event and the biggest force pushing 9202.JP down.
Fuel surcharges falling as jet fuel prices ease ANA and JAL will cut international fuel surcharges to about 50,000–55,000 yen for September–October tickets, down from a record 65,000 yen, because jet fuel prices have fallen. Lower surcharges trim revenue per ticket, but cheaper fuel eases the cost pressure that crushed profits, so the net effect is mixed.
It shows the fuel-cost swing working in both directions on ANA's revenue and margins.
First-ever schedule coordination with JAL on domestic routes ANA and rival JAL will coordinate Haneda–Okayama departure times from late October, avoiding overlaps to lift load factors on money-losing domestic routes. Regulators signalled this does not break antitrust rules, opening the door to similar cooperation elsewhere and improving domestic profitability.
It is a new structural change that could improve ANA's weakest business, domestic routes.
Naha emergency evacuation classified a serious incident An ANA Boeing 737-800 turned back to Naha with engine trouble and passengers evacuated by slide; three people had minor injuries. Regulators classified it a serious incident and are investigating. Such events can bring scrutiny, repair costs and reputational risk, weighing on sentiment even if operations continue normally.
It is the period's newest safety event and a fresh risk to ANA's reputation and regulatory standing.

Latest30 Jul – 24 Sep 2026

▼2▲1

ANA's profit squeezed by fuel costs; schedule pact and safety probe shape outlook

Fuel costs crush quarterly profit despite record revenue ANA's April–June revenue hit a record 672.7 billion yen, up 22.6%, but operating profit fell 43.5% to 20.7 billion yen as fuel costs and taxes jumped 86.9 billion yen. The full-year forecast and a dividend cut to 60 yen were kept unchanged, so the profit squeeze is the main drag on the shares.
This is the period's core earnings event and the biggest force pushing 9202.JP down.
Fuel surcharges falling as jet fuel prices ease ANA and JAL will cut international fuel surcharges to about 50,000–55,000 yen for September–October tickets, down from a record 65,000 yen, because jet fuel prices have fallen. Lower surcharges trim revenue per ticket, but cheaper fuel eases the cost pressure that crushed profits, so the net effect is mixed.
It shows the fuel-cost swing working in both directions on ANA's revenue and margins.
First-ever schedule coordination with JAL on domestic routes ANA and rival JAL will coordinate Haneda–Okayama departure times from late October, avoiding overlaps to lift load factors on money-losing domestic routes. Regulators signalled this does not break antitrust rules, opening the door to similar cooperation elsewhere and improving domestic profitability.
It is a new structural change that could improve ANA's weakest business, domestic routes.
Naha emergency evacuation classified a serious incident An ANA Boeing 737-800 turned back to Naha with engine trouble and passengers evacuated by slide; three people had minor injuries. Regulators classified it a serious incident and are investigating. Such events can bring scrutiny, repair costs and reputational risk, weighing on sentiment even if operations continue normally.
It is the period's newest safety event and a fresh risk to ANA's reputation and regulatory standing.