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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 JUNE 2020
The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 17 July 2020, which contains combined operating data for June 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, 17 July 2020
As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Feng Gang, Mr. Patrick Healy, Mr. Xue Yasong, Mr. Wang Xiaokang*, Mr. Duan Hongyi*, 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 JUNE 2020
In June 2020, the key operating data of Air China Limited (the "Company") and its subsidiaries (collectively with the Company, the "Group") recorded decreases as compared to the same period last year and recorded increases as compared to the same period last month. Passenger capacity (measured by available seat kilometers (the "ASK")) recorded a year-on-year decrease of 57.9% and recorded an increase of 11.1% as compared to the same period last month. Passenger traffic (measured by revenue passenger kilometers (the "RPK")) recorded a year-on-year decrease of 64.9% and recorded an increase of 10.5% as compared to the same period last month. For domestic routes, passenger capacity increased by 11.5% and passenger traffic increased by 9.7%, as compared to the same period last month. For international routes, passenger capacity increased by 3.6% and passenger traffic increased by 38.0%, as compared to the same period last month. Passenger capacity on regional routes increased by 10.7%, and passenger traffic recorded a decrease of 25.6%, as compared to the same period last month. The overall passenger load factor was 67.1%, representing a decrease of 13.5 percentage points as compared to the same period last year, and a decrease of 0.4 percentage points as compared to the same period last month. The passenger load factor for domestic routes decreased by 1.1 percentage points and for international routes increased by 15.3 percentage points as compared to the same period last month, and the passenger load factor for regional routes decreased by 1.4 percentage points as compared to the same period last month.
In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) increased by 1.6% year-on-year, and recorded a decrease of 17.8% as compared to the same period last month. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) decreased by 23.5% as compared to the same period last year, and increased by 1.7% as compared to the same period last month. The cargo load factor was 36.3%, representing a year-on-year decrease of 11.9 percentage points, and an increase of 7.0 percentage points as compared to the same period of last month.
The Company launch a Shanghai Pudong - Xining route (7 shifts per week) on 18 June 2020.
In June 2020, the Group introduced one ARJ21 aircraft. As at the end of June 2020, the Group operated a fleet of 700 aircraft, including 287 self-owned aircraft, 207 aircraft under finance lease and 206 aircraft under operating lease.
The following table sets forth key operating data for June 2020:
|
June 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 | 1,725.1 | -41.3 | -5.1 | 9,943.0 | -45.7 |
Domestic | 1,019.7 | -30.0 | 9.0 | 5,482.7 | -41.8 |
International | 692.4 | -49.3 | -20.7 | 4,296.9 | -47.7 |
Regional | 13.0 | -88.8 | 36.4 | 163.4 | -76.1 |
2. ASK (in million)3 | 9,879.6 | -57.9 | 11.1 | 65,566.0 | -53.7 |
Domestic | 9,461.7 | -28.4 | 11.5 | 48,858.9 | -40.1 |
International | 390.0 | -95.8 | 3.6 | 15,533.4 | -71.5 |
Regional | 27.8 | -97.1 | 10.7 | 1,173.7 | -79.2 |
3. AFTK (in million)4 | 836.9 | 1.6 | -17.8 | 4,035.2 | -27.1 |
Domestic | 169.5 | -37.1 | -1.4 | 1,088.6 | -47.8 |
International | 657.2 | 24.1 | -21.7 | 2,895.2 | -12.3 |
Regional | 10.2 | -58.7 | 45.3 | 51.4 | -65.7 |
II. Traffic |
|
|
|
|
|
1. RTK (in million)5 | 895.0 | -56.8 | 7.4 | 5,354.9 | -57.1 |
Domestic | 664.8 | -38.7 | 9.9 | 3,425.5 | -48.6 |
International | 227.6 | -74.9 | 0.5 | 1,853.4 | -65.4 |
Regional | 2.6 | -96.7 | 28.9 | 76.0 | -83.8 |
2. RPK (in million)6 | 6,624.9 | -64.9 | 10.5 | 44,222.0 | -61.5 |
Domestic | 6,384.7 | -41.1 | 9.7 | 33,247.9 | -50.4 |
International | 239.4 | -96.7 | 38.0 | 10,300.0 | -76.1 |
Regional | 0.8 | -99.9 | -25.6 | 674.2 | -85.2 |
3. RFTK (in million)7 | 303.8 | -23.5 | 1.7 | 1,459.0 | -37.5 |
Domestic | 94.9 | -22.3 | 10.7 | 489.3 | -33.4 |
International | 206.4 | -22.8 | -2.2 | 957.2 | -38.4 |
Regional | 2.5 | -68.5 | 31.9 | 12.5 | -71.3 |
|
June 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) |
4,457.0 |
-51.5 |
9.5 |
24,905.8 |
-55.9 |
Domestic | 4,420.5 | -39.6 | 9.3 | 22,468.6 | -50.1 |
International | 35.9 | -97.4 | 40.9 | 2,003.9 | -76.6 |
Regional | 0.6 | -99.9 | 5.9 | 433.2 | -85.1 |
5. Total Cargo and Mail carried (in tonnes) |
88,501.5 |
-23.2 |
5.8 |
450,950.7 |
-34.5 |
Domestic | 59,883.9 | -20.7 | 9.3 | 309,459.6 | -31.4 |
International | 26,979.8 | -23.2 | -1.9 | 132,800.4 | -37.2 |
Regional | 1,637.8 | -64.7 | 23.7 | 8,690.7 | -66.7 |
III. Load Factor |
|
|
|
|
|
1. Passenger Load Factor (%)8 |
67.1 |
-13.5 |
-0.4 |
67.4 |
-13.5 |
Domestic | 67.5 | -14.6 | -1.1 | 68.0 | -14.2 |
International | 61.4 | -17.1 | 15.3 | 66.3 | -12.8 |
Regional | 2.8 | -76.4 | -1.4 | 57.4 | -23.4 |
2. Cargo and Mail Load Factor (%)9 |
36.3 |
-11.9 |
7.0 |
36.2 |
-6.0 |
Domestic | 56.0 | 10.7 | 6.1 | 44.9 | 9.7 |
International | 31.4 | -19.1 | 6.2 | 33.1 | -14.1 |
Regional | 24.4 | -7.6 | -2.5 | 24.3 | -4.7 |
3. Overall Load Factor (%)10 |
51.9 |
-18.6 |
6.0 |
53.9 |
-14.2 |
Domestic | 65.2 | -9.3 | 0.5 | 62.5 | -8.2 |
International | 32.9 | -33.5 | 6.9 | 43.1 | -22.0 |
Regional | 19.8 | -48.6 | -1.1 | 46.5 | -22.0 |
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.
In the first half of 2020, the COVID-19 pandemic continued to spread around the world, causing a serious impact on the air transport industry and a sharp decline in aviation demand. Since the second quarter, with the pandemic under control, domestic aviation demand has gradually recovered, and international aviation demand has recovered slowly. The Group grasped the changes in market demand, dynamically optimized the deployment of transport capacity, refined marketing control, and actively sought to increase revenue, all with the aim to minimize the impact of the pandemic with utmost efforts through various measures. However, in view of the impact of the pandemic on the air transport industry, it is expected that the Group's operating results will be significantly affected in the first half of 2020. Investors are reminded of the investment risks.
Board of Directors of Air China Limited
Beijing, the PRC, 17 July 2020