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

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RNS Number : 6939T  Air China Ld  16 November 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 OCTOBER 2023

 

The enclosed announcement (the "SSE Announcement") was published by Air China
Limited (the "Air China") on the Shanghai Stock Exchange on 15 November 2023,
which contains combined operating data for October 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 November 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 OCTOBER 2023

 

In October 2023, Air China Limited (the "Company") and its subsidiaries (the
"Group") recorded a year-on-year 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 247.9%, and a month-on-month increase of
1.8%. Passenger traffic recorded a year-on-year increase of 315.1% and a
month-on-month increase of 5.2%. Among which, for domestic routes, passenger
capacity increased by 194.0% year on year and increased by 1.3% month on
month, and passenger traffic increased by 249.8% year on year and increased by
6.2% month on month. For international routes, passenger capacity increased by
936.5% year on year and increased by 2.9% month on month, and passenger
traffic increased by 1,545.4% year on year and increased by 1.0% month on
month. For regional routes, passenger capacity increased by 324.4% year on
year and increased by 6.2% month on month, and passenger traffic recorded an
increase of 548.1% year on year and an increase of 8.7% month on month. The
passenger load factor was 76.7%, representing an increase of 12.4 percentage
points as compared to the same period last year and an increase of 2.5
percentage points as compared to the previous month. Among which, the
passenger load factor for domestic routes increased by 12.6 percentage points
year on year and increased by 3.6 percentage points month on month, the
passenger load factor for international routes increased by

25.9 percentage points year on year and decreased by 1.3 percentage points
month on month, and the passenger load factor for regional routes increased by
23.5 percentage points year on year and increased by 1.5 percentage points
month on month.

 

In terms of cargo operations, cargo capacity (measured by available freight
tonne kilometers (the "AFTK")) increased by 73.9% year on year and increased
by 10.7% month on month. Cargo and mail traffic (measured by revenue freight
tonne kilometers (the "RFTK")) increased by 32.1% year on year and increased
by 5.5% month on month. The cargo load factor was 33.1%, representing a
year-on-year decrease of 10.5 percentage points and a month-on-month decrease
of 1.6 percentage points.

 

In October 2023, the Group introduced one ARJ21-700 aircraft and retired one
B737 series aircraft. As at the end of October 2023, the Group operated a
fleet of 899 aircraft, including 380 self-owned aircraft, 220 aircraft under
finance lease and 299 aircraft under operating lease.

The new routes opened in October 2023 are as follows:

 

 Route                                                       Flight Frequency    Start Date
 Beijing, Capital International Airport (PEK) - Lianyungang  2 flights per week  29 October 2023
 Tianjin - Ordos                                             2 flights per week  29 October 2023
 Dalian - Haikou                                             2 flights per week  29 October 2023

 

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

 

                                                                                                       Year-on-Year Cumulative Change (%)1

                        October   Year-on-Year Change (%)1   Month-on-Month Change (%)1   Cumulative

                        2023                                                              2023
 I.  Capacity
 1. ATK (in million)2   3,402.0   169.6                      4.2                          30,121.9     78.7
 Domestic               2,485.3   209.3                      4.4                          24,027.1     121.2
 International          834.9     93.7                       3.3                          5,373.4      -6.9
 Regional               81.8      201.6                      7.4                          721.4        224.7
 2. ASK (in million)3   26,827.8  247.9                      1.8                          247,473.1    146.0
 Domestic               20,640.9  194.0                      1.3                          206,218.5    114.7
 International          5,502.6   936.5                      2.9                          35,298.6     962.6
 Regional               684.2     324.4                      6.2                          5,956.0      380.5
 3. AFTK (in million)4  985.1     73.9                       10.7                         7,828.2      0.4
 Domestic               628.0     265.3                      14.7                         5,480.3      146.4
 International          339.9     -11.3                      4.1                          2,192.3      -60.0
 Regional               17.3      52.8                       12.9                         155.6        54.2
 II. Traffic
 1. RTK (in million)5   2,150.2   211.5                      5.0                          18,213.2     105.3
 Domestic               1,565.1   222.6                      4.6                          14,508.8     129.4
 International          538.4     175.6                      6.1                          3,294.5      34.1
 Regional               46.8      373.2                      6.3                          409.9        361.7
 2. RPK (in million)6   20,583.9  315.1                      5.2                          180,683.1    181.7
 Domestic               16,273.4  249.8                      6.2                          152,747.3    146.0
 International          3,844.6   1,545.4                    1.0                          23,892.5     1,535.0
 Regional               465.9     548.1                      8.7                          4,043.3      607.7

                                                                                                                                 Year-on-Year Cumulative Change (%)1

                                                October     Year-on-Year Change (%)1   Month-on-Month Change (%)1   Cumulative

                                                2023                                                                2023
 3. RFTK (in million)7                          326.3       32.1                       5.5                          2,332.6      -27.3
 Domestic                                       126.1       80.9                       -6.7                         1,101.6      29.8
 International                                  196.9       12.8                       15.6                         1,199.7      -48.5
 Regional                                       3.3         18.8                       -10.7                        31.4         -3.9
 4. Number of Passengers carried (in thousand)

                                                11,716.0    258.9                      6.7                          107,336.5    157.7
 Domestic                                       10,606.5    233.4                      6.8                          99,862.1     143.2
 International                                  813.8       1,870.0                    3.9                          4,940.9      1,752.0
 Regional                                       295.6       613.7                      10.6                         2,533.5      669.3
 5. Total Cargo and Mail carried (in tonnes)

                                                107,565.5   59.5                       -0.8                         857,116.3    4.7
 Domestic                                       76,497.0    75.7                       -5.8                         662,961.6    29.6
 International                                  28,755.7    30.2                       15.9                         173,259.3    -39.4
 Regional                                       2,312.8     27.1                       -4.3                         20,895.3     0.0
 III. Load Factor
 1. Passenger Load Factor (%)8                  76.7        12.4                       2.5                          73.0         9.3
 Domestic                                       78.8        12.6                       3.6                          74.1         9.4
 International                                  69.9        25.9                       -1.3                         67.7         23.7
 Regional                                       68.1        23.5                       1.5                          67.9         21.8
 2. Cargo and Mail Load Factor (%)9             33.1        -10.5                      -1.6                         29.8         -11.3
 Domestic                                       20.1        -20.5                      -4.6                         20.1         -18.1
 International                                  57.9        12.4                       5.8                          54.7         12.2
 Regional                                       19.3        -5.5                       -5.1                         20.2         -12.2
 3. Overall Load Factor (%)10                   63.2        8.5                        0.4                          60.5         7.8
 Domestic                                       63.0        2.6                        0.1                          60.4         2.2
 International                                  64.5        19.2                       1.7                          61.3         18.8
 Regional                                       57.2        20.7                       -0.6                         56.8         16.9

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 21 March 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 22 March 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 November 2023

 

 

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