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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 APRIL 2020
The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 15 May 2020, which contains combined operating data for April 2020 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
Zhou Feng Huen Ho Yin
Joint Company Secretaries
Beijing, the PRC, 15 May 2020
As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Patrick Healy, Mr. Xue Yasong, Mr. Wang Xiaokang*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.
* 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 APRIL 2020
In April 2020, China's COVID-19 prevention and control work turned to normalization, and the year- on-year decline of the major civil aviation production indicators narrowed compared to the last month; the global freight market demand was strong, and the domestic market showed signs of recovery. Air China Limited (the "Company"), and its subsidiaries (the "Group") recorded decreases in combined passenger traffic (measured by revenue passenger kilometers (the "RPK")) as compared to the same period last year and as compared to the same period last month, but the passenger load factor recorded an increase as compared to the same period last month. Passenger capacity (measured by available seat kilometers (the "ASK")) recorded a year-on-year decrease of 74.2% and passenger traffic recorded a year-on-year decrease of 79.2%. For domestic routes, passenger capacity decreased by 56.0% and passenger traffic decreased by 64.4%, as compared to the same period last year. For international routes, passenger capacity decreased by 97.3% and passenger traffic decreased by 98.6%, as compared to the same period last year. Passenger capacity on regional routes decreased by 97.8%, and passenger traffic recorded a decrease of 99.9%, as compared to the same period last year. The overall passenger load factor was 65.4%, representing a decrease of 15.6 percentage points as compared to the same period last year, and an increase of 8.6 percentage points as compared to the same period last month. The passenger load factor for domestic routes decreased by 15.8 percentage points and for international routes decreased by 39.3 percentage points as compared to the same period last year, and the passenger load factor for regional routes decreased by 77.3 percentage points year-on-year.
In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) decreased by 37.7% year-on-year, and increased by 93.5% as compared to the same period last month. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) decreased by 51.8% as compared to the same period last year, and increased by 9.3% as compared to the same period last month. The cargo load factor was 34.5%, representing a year-on-year decrease of 10.1 percentage points.
As at the end of April 2020, the Group operated a fleet of 699 aircraft, including 286 self-owned aircraft, 207 aircraft under finance lease and 206 aircraft under operating lease.
The following table sets forth key operating data for April 2020:
|
April 2020 |
Year- on-Year Change (%)1 |
Month- on-Month Change (%)1 |
Cumulative 2020 | Year- on-Year Cumulative Change (%)1 |
I. Capacity |
|
|
|
|
|
1. ATK (in million)2 | 1,131.5 | -63.2 | 2.7 | 6,400.2 | -47.9 |
Domestic | 638.6 | -58.0 | -13.9 | 3,527.7 | -45.0 |
International | 483.1 | -66.3 | 39.2 | 2,731.5 | -49.5 |
Regional | 9.8 | -91.7 | -27.1 | 141.0 | -68.6 |
2. ASK (in million)3 | 6,128.4 | -74.2 | -31.2 | 46,797.2 | -50.2 |
Domestic | 5,849.2 | -56.0 | -13.5 | 30,909.6 | -43.4 |
International | 257.9 | -97.3 | -87.4 | 14,766.8 | -58.7 |
Regional | 21.3 | -97.8 | -78.1 | 1,120.7 | -69.8 |
3. AFTK (in million)4 | 580.0 | -37.7 | 93.5 | 2,180.3 | -42.5 |
Domestic | 112.5 | -65.5 | -15.7 | 747.1 | -50.1 |
International | 459.8 | -20.5 | 183.7 | 1,399.0 | -36.3 |
Regional | 7.7 | -70.9 | 83.2 | 34.2 | -65.5 |
II. Traffic |
|
|
|
|
|
1. RTK (in million)5 | 557.1 | -73.8 | -11.7 | 3,626.3 | -56.1 |
Domestic | 419.7 | -61.9 | -5.2 | 2,155.6 | -51.6 |
International | 135.5 | -85.6 | -26.4 | 1,399.3 | -59.9 |
Regional | 1.9 | -97.6 | -51.1 | 71.4 | -76.8 |
2. RPK (in million)6 | 4,008.1 | -79.2 | -20.8 | 31,600.9 | -58.7 |
Domestic | 3,905.6 | -64.4 | -5.2 | 21,041.6 | -53.3 |
International | 101.7 | -98.6 | -89.0 | 9,887.0 | -65.2 |
Regional | 0.8 | -99.9 | -95.3 | 672.3 | -77.8 |
3. RFTK (in million)7 | 200.2 | -51.8 | 9.3 | 856.4 | -43.4 |
Domestic | 71.9 | -43.0 | -7.8 | 308.5 | -36.7 |
International | 126.4 | -55.1 | 22.9 | 539.8 | -45.9 |
Regional | 1.9 | -76.2 | -21.6 | 8.1 | -70.6 |
|
April 2020 |
Year- on-Year Change (%)1 |
Month- on-Month Change (%)1 |
Cumulative 2020 | Year- on-Year Cumulative Change (%)1 |
4. Number of Passengers carried (in thousand) |
2,665.0 |
-71.5 |
-8.9 |
16,378.6 |
-56.7 |
Domestic | 2,649.1 | -64.1 | -4.2 | 14,004.1 | -53.5 |
International | 15.3 | -99.0 | -89.6 | 1,942.5 | -66.3 |
Regional | 0.6 | -99.9 | -94.9 | 432.0 | -77.5 |
5. Total Cargo and Mail carried (in tonnes) |
65,417.1 |
-45.6 |
-3.0 |
278,813.6 |
-38.5 |
Domestic | 45,735.7 | -40.8 | -8.8 | 194,773.6 | -34.8 |
International | 18,344.4 | -52.3 | 17.3 | 78,310.5 | -43.2 |
Regional | 1,337.1 | -70.9 | -17.5 | 5,729.5 | -65.8 |
III. Load Factor |
|
|
|
|
|
1. Passenger Load Factor (%)8 | 65.4 | -15.6 | 8.6 | 67.5 | -13.8 |
Domestic | 66.8 | -15.8 | 5.8 | 68.1 | -14.4 |
International | 39.4 | -39.3 | -5.6 | 67.0 | -12.6 |
Regional | 3.8 | -77.3 | -13.9 | 60.0 | -21.7 |
2. Cargo and Mail Load Factor (%)9 | 34.5 | -10.1 | -26.6 | 39.3 | -0.6 |
Domestic | 63.9 | 25.3 | 5.5 | 41.3 | 8.8 |
International | 27.5 | -21.2 | -36.0 | 38.6 | -6.9 |
Regional | 24.1 | -5.4 | -32.2 | 23.8 | -4.1 |
3. Overall Load Factor (%)10 | 49.2 | -19.9 | -8.0 | 56.7 | -10.6 |
Domestic | 65.7 | -6.6 | 6.0 | 61.1 | -8.3 |
International | 28.0 | -37.6 | -25.0 | 51.2 | -13.3 |
Regional | 19.9 | -48.8 | -9.7 | 50.7 | -18.0 |
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
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 May 2020