Beijing Capital International Airport shows significant recovery potential with combined capacity of 200 million passengers, driven by growth in international traffic and non-aeronautical revenues. Despite current losses, improved operating margins and strong future EBITDA and FCF projections indicate substantial upside, with a 28% increase to $1.80 for BJCHY ticker. Main risks include global economic downturns, but long-term traffic growth is expected to positively impact revenues, with costs largely uncoupled from volume growth.