ANNOUNCEMENT ON KEY OPERATING DATA OF MARCH 2024

Air China Ld

16 April 2024

 

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 MARCH 2024

The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 15 April 2024, which contains combined operating data for March 2024 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

Xiao Feng Huen Ho Yin

Joint Company Secretaries

Beijing, the PRC, 15 April 2024

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 MARCH 2024

In March 2024, Air China Limited (the "Company") and its subsidiaries (the "Group") recorded a year-on-year increase and a month-on-month decrease 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 33.1%, and a month-on-month decrease of 1.5%. Passenger traffic recorded a year-on-year increase of 50.1% and a month-on-month decrease of 6.3%. Among which, for domestic routes, passenger capacity increased by 6.8% year on year and decreased by 4.1% month on month, and passenger traffic increased by 19.7% year on year and decreased by 9.7% month on month. For international routes, passenger capacity increased by 340.2% and increased by 7.4% as compared to the same period last year and the previous month, respectively, and passenger traffic increased by 452.8% and increased by 5.8% as compared to the same period last year and the previous month, respectively. For regional routes, passenger capacity increased by 56.0% and decreased by 3.6% as compared to the same period last year and the previous month, respectively, and passenger traffic recorded an increase of 68.2% year on year and an decrease of 10.3% month on month. The passenger load factor was 78.5%, representing an increase of 8.9 percentage points as compared to the same period last year and an decrease of 4.1 percentage points as compared to the previous month. Among which, the passenger load factor for domestic routes increased by 8.5 percentage points year on year and decreased by 4.9 percentage points month on month, the passenger load factor for international routes increased by 16.0 percentage points and decreased by 1.2 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 5.1 percentage points year on year and decreased by 5.3 percentage points month on month.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) increased by 60.4% year on year and increased by 0.7% month on month. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) increased by 138.7% year on year and increased by 19.7% month on month. The cargo load factor was 34.7%, representing a year-on-year increase of 11.4 percentage points and a month-on-month increase of 5.5 percentage points.

In March 2024, the Group introduced three B737 series aircraft. As at the end of March 2024, the Group operated a fleet of 911 aircraft, including 398 self-owned aircraft, 217 aircraft under finance lease and 296 aircraft under operating lease.

The following table sets forth key operating data of March 2024:

	March 2024	Year-on-Year Change (%)1	Month-on-Month Change (%)1	Cumulative 2024	Year-on-Year Cumulative Change (%)1
I.   Capacity
1.   ATK (in million)2	3,647.4	40.1	-0.8	10,963.3	53.3
Domestic	2,490.5	8.8	-4.0	7,576.9	17.8
International	1,058.8	316.0	7.7	3,086.0	439.0
Regional	98.1	60.1	-2.5	300.4	100.6
2.   ASK (in million)3	28,612.7	33.1	-1.5	86,181.0	45.3
Domestic	20,693.9	6.8	-4.1	63,013.6	15.1
International	7,132.5	340.2	7.4	20,730.9	517.9
Regional	786.3	56.0	-3.6	2,436.5	97.6
3.   AFTK (in million)4	1,068.8	60.4	0.7	3,195.2	76.7
Domestic	628.3	15.3	-3.7	1,906.3	26.5
International	416.4	283.9	8.1	1,218.3	351.0
Regional	24.1	87.6	2.2	70.5	132.9
II.  Traffic
1.   RTK (in million)5	2,369.3	59.0	-0.1	7,037.8	70.5
Domestic	1,585.1	20.9	-4.3	4,818.0	29.1
International	727.8	398.7	11.4	2,044.1	549.3
Regional	56.4	67.5	-6.6	175.7	116.5
2.   RPK (in million)6	22,451.0	50.1	-6.3	68,551.2	62.7
Domestic	16,291.3	19.7	-9.7	50,757.0	29.1
International	5,607.3	452.8	5.8	16,043.7	682.4
Regional	552.4	68.2	-10.3	1,750.5	123.0
3.   RFTK (in million)7	370.6	138.7	19.7	1,045.3	154.7
Domestic	135.5	39.6	20.5	394.5	45.3
International	230.0	311.5	19.1	636.6	377.7
Regional	5.1	114.9	28.9	14.2	153.4
4.   Number of Passengers carried (in thousand)	12,368.5	32.0	-6.7	37,717.9	42.9
Domestic	10,766.4	20.0	-7.9	33,105.2	29.7
International	1,258.1	541.7	6.8	3,526.8	813.4
Regional	344.0	70.3	-10.3	1,085.9	125.9
5.   Total Cargo and Mail carried (in tonnes)	118,629.8	73.9	21.7	337,961.2	80.0
Domestic	80,207.2	38.6	19.6	234,517.9	43.9
International	35,181.9	302.3	25.6	94,439.6	351.4
Regional	3,240.7	99.0	35.9	9,003.7	129.9
III. Load Factor
1.   Passenger Load Factor (%)8	78.5	8.9	-4.1	79.5	8.5
Domestic	78.7	8.5	-4.9	80.5	8.7
International	78.6	16.0	-1.2	77.4	16.3
Regional	70.3	5.1	-5.3	71.8	8.2
2.   Cargo and Mail Load Factor (%)9	34.7	11.4	5.5	32.7	10.0
Domestic	21.6	3.8	4.3	20.7	2.7
International	55.2	3.7	5.1	52.3	2.9
Regional	21.2	2.7	4.4	20.1	1.6
3.   Overall Load Factor (%)10	65.0	7.7	0.5	64.2	6.5
Domestic	63.6	6.4	-0.2	63.6	5.6
International	68.7	11.4	2.3	66.2	11.3
Regional	57.5	2.6	-2.5	58.5	4.3

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 April 2024

 

END