The dynamics character of a two degree-of-freedom aeroelastic airfoil with combined freeplay and cubic stiffness nonlinearities in pitch submitted to supersonic and hypersonic flow has been gaining significant attention. The Poincare mapping method and Floquet theory are adopted to analyse the limit cycle oscillation flutter and chaotic motion of this system. The result shows that the limit cycle oscillation flutter can be accurately predicted by the Floquet multiplier. The phase trajectories of both the pitch and plunge motion are obtained and the results show that the plunge motion is much more complex than the pitch motion. It is also proved that initial conditions have important influences on the dynamics character of the airfoil system. In a certain range of airspeed and with the same system parameters, the stable limit cycle oscillation, chaotic and multi-periodic motions can be detected under different initial conditions. The figure of the Poincare section also approves the previous conclusion.