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Air China Ld

Regulatory Filings Jul 16, 2019

10418_rns_2019-07-16_202fb2eb-bfdc-4f6c-8562-6b1aecd1e329.html

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RNS Number : 6148F

Air China Ld

16 July 2019

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 JUNE   2019

The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 15 July 2019, which contains combined operating data for June 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 result 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, 15 July  2019

As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Cao Jianxiong, 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 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   2019

In June 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 but recorded a decline as 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 4.2% and 4.8% respectively. For domestic routes, passenger capacity and passenger traffic increased by 1.2% and 1.3% respectively, as compared to the same period last year. For international routes, passenger capacity and passenger traffic increased by 7.5% and 9.2% respectively, as compared to the same period last year. Passenger capacity on regional routes increased by 18.3%, and passenger traffic recorded an increase of 17.0%, as compared to the same period last  year. The overall passenger load factor was 80.6%, representing an increase of 0.4 percentage point as compared to the same period last year. The passenger load factor for domestic routes and international routes increased by 0.1 percentage point and 1.2 percentage points respectively, and the passenger load factor for regional routes decreased by 0.9 percentage point    year-on-year.

In terms of cargo operations, in June 2019, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) decreased by 2.1% year-on-year. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) decreased by 5.8%, and the volume of cargo and mail carried decreased by 5.3% as compared to the same period last year. The cargo and mail load factor  was 48.2%, representing a year-on-year decrease of 1.9 percentage    points.

The Company launched a Dali - Hefei route (seven shifts per week) on 1  June 2019, launched a  Beijing - Qeshqer route (four shifts per week) on 10 June 2019 and a Hangzhou - Roma route (three shifts per week) on 12 June   2019.

In June 2019, the Group introduced four A320 series aircraft and retired one A320, one B737-800 and one A319 aircraft. As at the end  of  June 2019, the  Group operated a  fleet of  676  aircraft, including 283 self-owned aircraft, 194 aircraft under finance lease and 199 aircraft under operating lease.

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

June 2019 Year- on-Year Change (%) Month- on-Month Change (%) Cumulative

2019
Year- on-Year Cumulative Change (%)
I. Capacity
1. ATK (in million)1 2,939.2 2.3 -5.2 18,319.4 5.0
Domestic 1,457.2 -1.1 -6.0 9,423.2 1.9
International 1,366.7 4.9 -4.6 8,212.6 7.9
Regional 115.3 20.2 -3.1 683.6 16.5
2. ASK (in million)2 23,449.5 4.2 -3.2 141,728.2 5.7
Domestic 13,206.1 1.2 -3.8 81,574.2 3.2
International 9,284.6 7.5 -2.3 54,504.1 8.8
Regional 958.8 18.3 -2.7 5,649.9 15.8
3. AFTK (in million)3 824.0 -2.1 -10.1 5,530.7 3.4
Domestic 269.6 -9.7 -14.5 2,080.6 -2.6
International 529.7 1.3 -8.0 3,300.4 6.9
Regional 24.7 25.7 -4.6 149.8 17.4
II. Traffic
1. RTK (in  million)4 2,071.3 2.2 -3.7 12,476.0 4.4
Domestic 1,085.2 0.3 -3.1 6,658.4 2.2
International 907.2 3.6 -4.6 5,349.5 6.3
Regional 78.9 16.1 -2.5 468.1 16.1
2. RPK (in  million)5 18,889.5 4.8 -2.6 114,783.4 6.4
Domestic 10,842.5 1.3 -3.0 67,083.2 3.0
International 7,287.1 9.2 -2.1 43,131.9 10.9
Regional 759.9 17.0 -2.6 4,568.3 17.7
3. RFTK (in  million)6 397.3 -5.8 -6.1 2,333.5 -2.2
Domestic 122.2 -6.2 -2.5 734.7 -2.9
International 267.2 -5.9 -7.9 1,555.2 -1.9
Regional 7.9 5.2 -0.9 43.6 0.2
June 2019 Year- on-Year Change (%) Month- on-Month Change (%) Cumulative

2019
Year- on-Year Cumulative Change (%)
4. Number of Passengers carried (in thousand) 9,192.4 2.7 -3.2 56,482.8 5.1
Domestic 7,320.4 0.7 -3.3 45,003.0 2.7
International 1,383.0 9.5 -3.0 8,577.2 15.0
Regional 489.0 18.5 -1.3 2,902.6 17.9
5. Total Cargo and Mail carried (in tonnes) 115,310.7 -5.3 -3.9 688,714.9 -1.6
Domestic 75,518.4 -6.1 -1.7 451,272.1 -3.0
International 35,148.4 -4.3 -8.5 211,346.1 1.6
Regional 4,643.9 1.6 -1.1 26,096.7 -2.5
III. Load Factor
1. Passenger Load Factor (%)7 80.6 0.4 0.4 81.0 0.5
Domestic 82.1 0.1 0.6 82.2 -0.1
International 78.5 1.2 0.2 79.1 1.5
Regional 79.3 -0.9 0.1 80.9 1.3
2. Cargo and Mail Load Factor (%)8 48.2 -1.9 2.0 42.2 -2.4
Domestic 45.3 1.7 5.6 35.3 -0.1
International 50.4 -3.8 0.1 47.1 -4.2
Regional 32.0 -6.3 1.2 29.1 -5.0
3. Overall Load Factor (%)9 70.5 -0.1 1.1 68.1 -0.4
Domestic 74.5 1.0 2.2 70.7 0.2
International 66.4 -0.9 0.0 65.1 -1.0
Regional 68.4 -2.4 0.4 68.5 -0.2

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

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 July,  2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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