Air China Ld

Regulatory Filings • May 18, 2020

National Storage Mechanism | Additional information

RNS Number : 1704N

Air China Ld

18 May 2020

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 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

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