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Air China Ld

Regulatory Filings Jul 16, 2021

10418_rns_2021-07-16_708d9fa2-635b-4d6f-b9b9-d3545944350b.html

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National Storage Mechanism | Additional information

RNS Number : 4504F

Air China Ld

16 July 2021

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 2021

The enclosed announcement (the "SSE Announcement") was published by Air China Limited ("Air China") on the Shanghai Stock Exchange on 15 July 2021, which contains combined operating data of Air China and its subsidiaries (collectively, the "Group") for June 2021. 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

Company Secretary

Beijing, the PRC, 15 July 2021

As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. Feng Gang, Mr. Patrick Healy, Mr. Xue Yasong, 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 2021

In June 2021, Air China Limited (the "Company"), and its subsidiaries (the "Group") recorded a year- on-year increase and a month-to-month decrease in combined passenger traffic (measured by revenue passenger kilometers (the "RPK")). Passenger capacity (measured by available seat kilometers (the "ASK")) recorded a year-on-year increase of 32.1% and passenger traffic recorded a year-on-year increase of 41.0%. For domestic routes, passenger capacity increased by 31.5% and passenger traffic increased by 41.2%, as compared to the same period last year. For international routes, passenger capacity decreased by 17.3% and passenger traffic decreased by 34.6%, as compared to the same period last year. Passenger capacity and passenger traffic on regional routes recorded large scale increases, as compared to the same period last year. The overall passenger load factor was 71.6%, representing an increase of 4.5 percentage points as compared to the same period last year. The passenger load factor for domestic routes increased by 5.0 percentage points and for international routes decreased by 12.9 percentage points, as compared to the same period last year, and the passenger load factor for regional routes increased by 56.8 percentage points year on year.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) decreased by 0.1% year on year. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) increased by 11.3% and the volume of cargo and mail carried increased by 7.2%, as compared to the same period last year. The cargo load factor was 40.6%, representing a year-on-year increase of 4.1 percentage points.

In June 2021, the Group introduced two A320NEO aircraft, one A321NEO aircraft, retired one A321 aircraft. As at the end of June 2021, the Group operated a fleet of 729 aircraft, including 293 self- owned aircraft, 229 aircraft under finance lease and 207 aircraft under operating lease.

The following table sets forth key operating data of June 2021:

June 2021 Year-on-

Year Change

(%)1
Month- on-

Month Change (%)1
Cumulative

2021
Year-on-

Year Cumulative

Change

(%)1
I. Capacity
1. ATK (in million)2 2,012.1 16.6 -20.8 12,928.4 30.0
Domestic 1,413.6 38.6 -24.9 9,300.0 69.6
International 561.1 -19.0 -9.3 3,442.1 -19.9
Regional 37.4 189.1 -8.7 186.2 13.9
2. ASK (in million)3 13,048.6 32.1 -22.0 82,499.9 25.8
Domestic 12,441.4 31.5 -22.6 79,091.2 61.9
International 322.8 -17.3 -12.6 2,115.0 -86.4
Regional 284.4 922.7 -3.6 1,293.7 10.2
3. AFTK (in million)4 836.5 -0.1 -19.1 5,496.6 36.1
Domestic 295.0 74.0 -32.4 2,186.4 100.8
International 532.0 -19.0 -9.1 3,251.8 12.2
Regional 9.4 -7.9 -20.6 58.4 13.4
II. Traffic
1. RTK (in million)5 1,172.6 30.9 -21.8 7,264.7 35.6
Domestic 904.6 36.0 -25.3 5,692.0 66.2
International 247.8 8.4 -6.6 1,481.6 -20.2
Regional 20.2 686.2 -7.3 91.1 19.9
2. RPK (in million)6 9,340.7 41.0 -26.1 58,252.6 31.7
Domestic 9,014.7 41.2 -26.7 56,630.9 70.3
International 156.5 -34.6 -1.7 894.8 -91.3
Regional 169.6 21,397.9 -6.5 726.9 7.8
3. RFTK (in million)7 339.5 11.3 -9.6 2,075.8 42.0
Domestic 102.1 7.4 -15.3 654.9 33.8
International 234.0 12.9 -6.8 1,402.3 46.2
Regional 3.3 33.5 -9.7 18.7 49.2
June 2021 Year-on-

Year Change

(%)1
Month- on-

Month Change (%)1
Cumulative

2021
Year-on-

Year Cumulative

Change

(%)1
4. Number of Passengers carried (in thousand) 6,285.6 41.0 -24.7 38,610.7 55.0
Domestic 6,161.7 39.4 -25.0 38,023.4 69.2
International 23.7 -34.1 -0.4 145.8 -92.7
Regional 100.2 15,340.5 -6.7 441.5 1.9
5. Total Cargo and Mail carried (in tonnes) 95,368.7 7.2 -12.3 600,504.5 32.9
Domestic 63,985.7 6.7 -14.3 404,490.4 30.7
International 29,191.7 6.6 -8.0 183,974.4 37.7
Regional 2,191.3 33.8 -5.7 12,039.7 38.6
III. Load Factor
1. Passenger Load Factor (%)8 71.6 4.5 -4.0 70.6 3.2
Domestic 72.5 5.0 -4.1 71.6 3.6
International 48.5 -12.9 5.4 42.3 -24.0
Regional 59.6 56.8 -1.9 56.2 -1.3
2. Cargo and Mail Load Factor (%)9 40.6 4.1 4.3 37.8 1.6
Domestic 34.6 -21.5 7.0 30.0 -15.0
International 44.0 12.4 1.1 43.1 10.0
Regional 35.4 11.0 4.3 32.0 7.7
3. Overall Load Factor (%)10 58.3 6.3 -0.7 56.2 2.3
Domestic 64.0 -1.2 -0.4 61.2 -1.3
International 44.2 11.2 1.3 43.0 -0.1
Regional 53.9 34.1 0.8 48.9 2.5

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 July 2021

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