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REG - Air China Ld - ANNOUNCEMENT ON KEY OPERATING DATA OF AUGUST 2023

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RNS Number : 7424M  Air China Ld  18 September 2023

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

 

中國國際航空股份有限公司

AIR CHINA LIMITED

(a joint stock limited company incorporated in the People's Republic of China
with limited liability)

(Stock Code: 00753)

 

 

ANNOUNCEMENT ON KEY OPERATING DATA OF AUGUST 2023

 

The enclosed announcement (the "SSE Announcement") was published by Air China
Limited (the "Air China") on the Shanghai Stock Exchange on 15 September 2023,
which contains combined operating data for August 2023 for Air China and its
subsidiaries (collectively, the "Group"). This announcement enclosing the SSE
Announcement is made by Air China pursuant to Rules 13.09 and 13.10B of the
Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited (the "Listing Rules") and the Inside Information Provisions (as
defined in the Listing Rules) under Part XIVA of the Securities and Futures
Ordinance (Chapter 571 of the Laws of Hong Kong).

 

The data in the enclosed SSE Announcement was calculated based on the internal
statistics of the Group, which may differ from the data disclosed in the
relative periodic reports. Investors are hereby reminded of the risks which
may result from inappropriate reliance upon or utilization of the information
given above.

By Order of the Board

Air China Limited

Huang Bin      Huen Ho Yin

Joint Company Secretaries

 

 

Beijing, the PRC, 15 September 2023

 

As at the date of this announcement, the directors of the Company are Mr. Ma
Chongxian, Mr. Wang Mingyuan, Mr. Feng Gang, Mr. Patrick Healy, Mr. Xiao Peng,
Mr. Li Fushen*, Mr. He Yun*, Mr. Xu Junxin* and Ms. Winnie Tam Wan-chi*.

 

*        Independent non-executive director of the Company

SSE ANNOUNCEMENT

 

The SSE Announcement is written in Chinese, with no official English
translation. The English translation is provided solely for reference only. In
case of any discrepancy between the two versions, the Chinese version shall
prevail. The full version of the SSE Announcement is as follows:

 

AIR CHINA LIMITED

ANNOUNCEMENT ON KEY OPERATING DATA OF AUGUST 2023

 

In August 2023, Air China Limited (the "Company") and its subsidiaries (the
"Group") recorded a year-on-year increase and a month-on-month increase in
combined passenger traffic (measured by revenue passenger kilometers (the
"RPK")). Passenger capacity (measured by available seat kilometers (the
"ASK")) recorded a year-on-year increase of 106.2% and a month-on-month
increase of 1.9%. Passenger traffic recorded a year-on-year increase of 135.3%
and a month-on-month increase of 3.6%. Among which, for domestic routes,
passenger capacity increased by 69.9% year on year and increased by 1.3% month
on month, and passenger traffic increased by 93.2% year on year and increased
by 2.5% month on month. For international routes, passenger capacity increased
by 1,354.5% and increased by 5.0% as compared to the same period last year and
the previous month, respectively, and passenger traffic increased by 1,964.5%
and increased by 8.6% as compared to the same period last year and the
previous month, respectively. For regional routes, passenger capacity
increased by 988.7% and increased by 1.8% as compared to the same period last
year and the previous month, respectively, and passenger traffic recorded an
increase of 1,882.6% year on year and an increase of 6.4% month on month. The
passenger load factor was 76.6%, representing an increase of 9.5 percentage
points as compared to the same period last year and an increase of 1.2
percentage points as compared to the previous month. Among which, the
passenger load factor for domestic routes increased by 9.2 percentage points
year on year and increased by 0.9 percentage points month on month, the
passenger load factor for international routes increased by 22.2 percentage
points and increased by 2.5 percentage points as compared to the same period
last year and the previous month, respectively, and the passenger load factor
for regional routes increased by 35.4 percentage points year on year and
increased by 3.4 percentage points month on month.

 

In terms of cargo operations, cargo capacity (measured by available freight
tonne kilometers (the "AFTK")) increased by 60.0% year on year and increased
by 4.6% month on month. Cargo and mail traffic (measured by revenue freight
tonne kilometers (the "RFTK")) increased by 31.4% year on year and increased
by 3.2% month on month. The cargo load factor was 32.3%, representing a
year-on-year decrease of 7.0 percentage points and a month-on-month decrease
of 0.4 percentage points.

 

In August 2023, the Group introduced one A350 aircraft and one ARJ21-700
aircraft, and retired two B737 series aircraft, one A330 aircraft and one
business jet. As at the end of August 2023, the Group operated a fleet of 901
aircraft, including 370 self-owned aircraft, 228 aircraft under finance lease
and 303 aircraft under operating lease.

The following table sets forth key operating data of August 2023:

 

                                                                                                              Year-on-Year Cumulative

                                                                   Month-on- Month Change                     Change

                          August 2023   Year-on-Year Change (%)1   (%)1                                       (%)1

                                                                                            Cumulative 2023
 I. Capacity
 1. ATK (in million)2     3,600.0       92.5                       2.6                      23,455.7          65.7
 Domestic                 2,728.7       79.7                       1.6                      19,161.9          110.3
 International            782.1         132.5                      6.6                      3,730.4           -23.5
 Regional                 89.2          494.7                      0.5                      563.4             233.1
 2. ASK (in million)(3)   29,935.1      106.2                      1.9                      194,280.0         131.7
 Domestic                 23,944.3      69.9                       1.3                      165,202.5         104.8
 International            5,233.1       1,354.5                    5.0                      24,450.0          974.7
 Regional                 757.7         988.7                      1.8                      4,627.5           400.9
 3. AFTK (in million)(4)  904.3         60.0                       4.6                      5,953.5           -9.9
 Domestic                 576.6         128.2                      2.5                      4,304.6           131.6
 International            310.1         2.0                        9.2                      1,525.8           -67.3
 Regional                 17.6          111.0                      -5.0                     123.1             56.1
 II. Traffic
 1. RTK (in million)(5)   2,259.3       111.5                      3.3                      14,014.6          89.6
 Domestic                 1,697.0       87.2                       2.6                      11,446.9          117.2
 International            503.7         222.1                      5.2                      2,248.6           9.5
 Regional                 58.6          988.6                      5.9                      319.2             360.4
 2. RPK (in million)(6)   22,933.9      135.3                      3.6                      140,538.6         163.6
 Domestic                 18,399.9      93.2                       2.5                      121,147.6         133.2
 International            3,939.8       1,964.5                    8.6                      16,242.4          1,628.6
 Regional                 594.1         1,882.6                    6.4                      3,148.6           633.6
 3. RFTK (in million)(7)  291.8         31.4                       3.2                      1,697.1           -37.1
 Domestic                 121.9         52.2                       9.0                      840.3             20.1
 International            165.9         18.9                       -0.6                     832.4             -57.7
 Regional                 4.0           53.9                       -2.0                     24.3              -10.3

                                                                                                                                    Year-on-Year Cumulative

                                                                                         Month-on- Month Change                     Change

                                                August 2023   Year-on-Year Change (%)1   (%)1                                       (%)1

                                                                                                                  Cumulative 2023
 4. Number of Passengers carried (in thousand)

                                                13,273.1      106.9                      3.7                      84,638.2          145.2
 Domestic                                       12,058.9      89.7                       3.1                      79,323.9          132.6
 International                                  834.8         2,019.6                    10.7                     3,343.8           1,823.8
 Regional                                       379.5         2,249.9                    8.1                      1,970.5           690.4
 5. Total Cargo and Mail carried (in tonnes)

                                                99,271.9      44.3                       6.0                      641,101.0         -5.4
 Domestic                                       72,827.3      48.8                       8.3                      505,250.6         20.5
 International                                  23,855.2      31.9                       0.5                      119,685.7         -50.4
 Regional                                       2,589.4       46.9                       -2.4                     16,164.7          -6.6
 III. Load Factor
 1.  Passenger Load Factor (%)(8)               76.6          9.5                        1.2                      72.3              8.8
 Domestic                                       76.8          9.2                        0.9                      73.3              8.9
 International                                  75.3          22.2                       2.5                      66.4              25.1
 Regional                                       78.4          35.4                       3.4                      68.0              21.6
 2. Cargo and Mail Load Factor (%)(9)           32.3          -7.0                       -0.4                     28.5              -12.3
 Domestic                                       21.2          -10.5                      1.3                      19.5              -18.1
 International                                  53.5          7.6                        -5.3                     54.6              12.4
 Regional                                       22.5          -8.3                       0.7                      19.8              -14.6
 3. Overall Load Factor (%)(10)                 62.8          5.6                        0.4                      59.7              7.5
 Domestic                                       62.2          2.5                        0.6                      59.7              1.9
 International                                  64.4          17.9                       -0.9                     60.3              18.2
 Regional                                       65.7          29.8                       3.3                      56.7              15.7

Notes:

 

1.       Change is expressed in percentage in terms of "Capacity" and
"Traffic", and is expressed in percentage points in terms of "Load Factor"

 

2.       "ATK(s)" refers to the number of tonnes of capacity available
for transportation multiplied by the kilometers flown

 

3.       "ASK(s)" refers to the number of seats available for sale
multiplied by the kilometers flown

 

4.       "AFTK(s)" refers to the number of tonnes of capacity available
for the carriage of cargo and mail multiplied by the kilometers flown

 

5.       "RTK(s)" refers to the revenue load (passenger and cargo) in
tonnes multiplied by the kilometers flown

 

6.       "RPK(s)" refers to the number of revenue passengers carried
multiplied by the kilometers flown

 

7.       "RFTK(s)" refers to the revenue cargo and mail load in tonnes
multiplied by the kilometers flown

 

8.       "Passenger Load Factor" refers to revenue passenger kilometers
expressed as a percentage of available seat kilometers

 

9.       "Cargo and Mail Load Factor" refers to revenue freight tonne
kilometers expressed as a percentage of available freight tonne kilometers

 

10.     "Overall Load Factor" refers to RTKs expressed as a percentage of
available tonne kilometers

 

11.     As at March 21, 2023, the Company has gained control over Shandong
Aviation Group Company Limited (the "Shandong Aviation Group"), and the
subsidiaries within the consolidation scope of Shandong Aviation Group,
including Shandong Airlines Co., Ltd., have become companies within the scope
of the Company's consolidated financial statements. For more details, please
refer to the "Announcement on the Progress of Significant Matters Planned by
Air China Limited" published by the Company on the website of the Shanghai
Stock Exchange on March 22, 2023. The Company's interim announcements and
periodic reports will include relevant fleet information and operational data
of Shandong Airlines Co., Ltd., and the historical data in the tables will be
adjusted to a comparable basis.

 

The key operating data above was calculated based on the internal statistics
of the Group, which may differ from the data disclosed in the relative
periodic reports. Investors are hereby reminded of the risks which may result
from inappropriate reliance upon or utilization of the information given
above.

 

Board of Directors of Air China Limited

 Beijing, the PRC, 15 September 2023

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