Air China Regulatory News (AIRC)

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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 FEBRUARY 2019

The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 14 March 2019, which contains combined operating data for February 2019 for Air China and its subsidiaries (collectively, the "Group"). This announcement enclosing the SSE Announcement is made by Air China pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

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 results from inappropriate reliance upon or utilization of the information given above.

By Order of the Board

Air China Limited Zhou Feng Tam Shuit Mui

Joint Company Secretaries

Beijing, the PRC, 14 March 2019

As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Xue Yasong, Mr. John Robert Slosar, Mr. Wang Xiaokang*, Mr. Liu Deheng*, 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 FEBRUARY 2019

In February 2019, Air China Limited (the "Company"), and its subsidiaries (the "Group") maintained growth in combined passenger traffic (measured by revenue passenger kilometers (the "RPK")) as compared to the same period last year and a decrease compared to the same period last month. Passenger capacity (measured by available seat kilometers (the "ASK")) and passenger traffic recorded a year-on-year increase of 6.1% and 7.8% respectively. For domestic routes, passenger capacity and passenger traffic increased by 4.3% and 5.8% respectively, as compared to the same period last year. For international routes, passenger capacity and passenger traffic increased by 9.1% and 11.0% respectively, as compared to the same period last year. Passenger capacity on regional routes increased by 7.9%, and passenger traffic recorded an increase of 11.9%, as compared to the  same period last year. The overall passenger load factor was 84.0%, representing an increase of 1.3 percentage points as compared to the same period last year. The passenger load factor for domestic, international and regional routes increased by 1.3, 1.4 and 2.9 percentage points year-on-year respectively.

In terms of cargo operations, in February 2019, cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) recorded a decrease as compared to the same period last year and compared to the same period last month. Cargo capacity (measured by available freight tonne kilometers (the "AFTK")) increased by 3.9% year-on-year. Cargo and mail traffic decreased by 8.7%, and the volume of cargo and mail carried decreased by 10.6% as compared to the same period last year. The cargo load factor was 30.4%, representing a year-on-year decrease of 4.2 percentage points.

The Company launched a Beijing - Changzhi route (two times a week) on 1 February 2019.

In February 2019, the Group introduced three aircraft, including one A350, one A320, one B737MAX aircraft, and retired one A320 aircraft. As at the end of February 2019, the Group operated a fleet of 673 aircraft, including 279 self-owned aircraft, 191 aircraft under finance lease and 203 aircraft under operating lease.

The following table sets forth key operating data for February 2019:

Notes:

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

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

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

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

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

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

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

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

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

1.

As at 28 December 2018, the Company has completed the disposal of 51% equity interests in Air  China Cargo Co., Ltd. ("Air China Cargo") to China National Aviation Capital Holding Co., Ltd., and the Company no longer holds any equity interests in Air China Cargo. Since January 2019, the temporary announcements and periodic reports of the Company shall no longer contain fleet information of Air China Cargo, and the operating data of the Group shall only include freight data of bellyhold space in passenger aircraft. The freight data for the previous periods shall no longer include Air China Cargo's freight data of all freighters and shall 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, 14 March, 2019