TIDMAIRC

RNS Number : 0118E

Air China Ld

25 October 2022

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.

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 SEPTEMBER 2022

The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 24 October 2022, which contains combined operating data for September 2022 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

Company Secretary

Beijing, the PRC, 24 October 2022

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 SEPTEMBER 2022

In September 2022, Air China Limited (the "Company") and its subsidiaries (the "Group") recorded a year-on-year increase and a month-on-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 decrease of 43.5% and a month-on-month decrease of 38.1%. Passenger traffic recorded a year-on-year decrease of 45.2% and a month-on-month decrease of 40.3%. Among which, for domestic routes, passenger capacity decreased by 46.7% year on year and decreased by 41.6% month on month, and passenger traffic decreased by 47.8% year on year and decreased by 43.2% month on month. For international routes, passenger capacity increased by 79.6% and increased by 43.0% as compared to the same period last year and the previous month, respectively, and passenger traffic increased by 69.0% and increased by 50.1% as compared to the same period last year and the previous month, respectively. For regional routes, passenger capacity decreased by 18.0% and increased by 121.9% as compared to the same period last year and the previous month, respectively, and passenger traffic recorded a decrease of 22.8% year on year and an increase of 134.3% month on month. The overall passenger load factor was 64.5%, representing a decrease of 2.1 percentage points as compared to the same period last year and a decrease of 2.3 percentage points as compared to the previous month. Among which, the passenger load factor for domestic routes decrease d by 1.4 percentage points year on year and decreased by 1.8 percentage points month on month, the passenger load factor for international routes decreased by 3.5 percentage points and increase d by 2.6 percentage points as compared to the same period last year and the previous month, respectively, and the passenger load factor for regional routes decreased by 2.8 percentage points year on year and increased by 2.4 percentage points month on month.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) decreased by 24.2% year on year and increased by 12.0% month on month. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) decreased by 31.5% year on year and increased by 19.8% month on month. The cargo load factor was 41.9%, representing a year-on-year decrease of 4.5 percentage points and a month-on-month increase of 2.7 percentage points.

In September 2022, the Group introduced two ARJ21-700 aircraft. As at the end of September 2022, the Group operated a fleet of 752 aircraft, including 303 self-owned aircraft, 245 aircraft under finance lease and 204 aircraft under operating lease.

The following table sets forth key operating data of September 2022:

 
                                                                                           Year-on- 
                                              Year-on-      Month-on-               Year Cumulative 
                               September   Year Change   Month Change  Cumulative            Change 
                                    2022        (%)(1)         (%)(1)        2022            (%)(1) 
I. Capacity 
                               ---------  ------------  -------------  ----------  ---------------- 
   1. ATK (in million)(2)        1,260.4         -35.6          -21.2    13,857.6             -25.9 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                           767.6         -46.1          -38.5     8,322.1             -38.0 
                               ---------  ------------  -------------  ----------  ---------------- 
International                      466.9          -8.0           38.9     5,340.5               6.6 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                            25.9           0.4           72.5       195.0             -28.2 
                               ---------  ------------  -------------  ----------  ---------------- 
   2. ASK (in million)(3)        7,312.2         -43.5          -38.1    75,967.8             -36.8 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                         6,647.7         -46.7          -41.6    72,117.8             -37.4 
                               ---------  ------------  -------------  ----------  ---------------- 
International                      510.1          79.6           43.0     2,771.8             -11.6 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                           154.4         -18.0          121.9     1,078.2             -43.9 
                               ---------  ------------  -------------  ----------  ---------------- 
   3. AFTK (in million)(4)         601.4         -24.2           12.0     7,019.2             -10.8 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                           169.6         -44.1          -24.4     1,838.5             -39.8 
                               ---------  ------------  -------------  ----------  ---------------- 
International                      421.0         -12.6           38.5     5,091.1               7.7 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                            10.8          45.0           28.9        89.6               9.0 
                               ---------  ------------  -------------  ----------  ---------------- 
II. Traffic 
                               ---------  ------------  -------------  ----------  ---------------- 
   1. RTK (in million)(5)          674.3         -40.8          -24.8     7,059.3             -33.2 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                           456.8         -47.2          -37.8     4,720.1             -42.2 
                               ---------  ------------  -------------  ----------  ---------------- 
International                      207.9         -20.5           33.1     2,260.4              -0.1 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                             9.6         -24.3           77.9        78.9             -41.9 
                               ---------  ------------  -------------  ----------  ---------------- 
   2. RPK (in million)(6)        4,716.6         -45.2          -40.3    47,681.2             -43.1 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                         4,362.1         -47.8          -43.2    45,966.9             -43.4 
                               ---------  ------------  -------------  ----------  ---------------- 
International                      284.3          69.0           50.1     1,214.9             -16.7 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                            70.2         -22.8          134.3       499.4             -53.4 
                               ---------  ------------  -------------  ----------  ---------------- 
   3. RFTK (in million)(7)         251.9         -31.5           19.8     2,853.1              -9.0 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                            66.6         -43.3           -2.4       670.5             -31.0 
                               ---------  ------------  -------------  ----------  ---------------- 
International                      182.6         -25.9           30.9     2,152.8               0.9 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                             2.7         -27.0            5.3        29.8               1.3 
                               ---------  ------------  -------------  ----------  ---------------- 
   4. Number of Passengers 
    carried (in thousand)        3,056.8         -45.7          -40.3    30,758.4             -44.3 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                         2,969.2         -46.6          -41.4    30,259.3             -44.3 
                               ---------  ------------  -------------  ----------  ---------------- 
International                       49.0          87.9           29.8       211.2             -10.2 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                            38.6         -24.3          139.1       287.9             -55.2 
                               ---------  ------------  -------------  ----------  ---------------- 
   5. Total Cargo and 
    Mail carried (in tonnes)    65,799.0         -36.1            6.8   688,795.5             -22.6 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                        41,178.7         -42.6           -1.3   405,706.7             -32.3 
                               ---------  ------------  -------------  ----------  ---------------- 
International                   22,859.1         -21.2           26.4   264,035.2              -3.0 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                         1,761.3         -18.4           -0.1    19,053.6               3.5 
                               ---------  ------------  -------------  ----------  ---------------- 
III. Load Factor 
                               ---------  ------------  -------------  ----------  ---------------- 
   1. Passenger Load 
    Factor (%)(8)                   64.5          -2.1           -2.3        62.8              -6.9 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                            65.6          -1.4           -1.8        63.7              -6.8 
                               ---------  ------------  -------------  ----------  ---------------- 
International                       55.7          -3.5            2.6        43.8              -2.7 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                            45.5          -2.8            2.4        46.3              -9.4 
                               ---------  ------------  -------------  ----------  ---------------- 
   2. Cargo and Mail 
    Load Factor (%)(9)              41.9          -4.5            2.7        40.6               0.8 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                            39.3           0.6            8.9        36.5               4.7 
                               ---------  ------------  -------------  ----------  ---------------- 
International                       43.4          -7.8           -2.5        42.3              -2.8 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                            25.2         -24.8           -5.6        33.3              -2.5 
                               ---------  ------------  -------------  ----------  ---------------- 
   3. Overall Load Factor 
    (%)(10)                         53.5          -4.7           -2.6        50.9              -5.6 
                               ---------  ------------  -------------  ----------  ---------------- 
Domestic                            59.5          -1.2            0.6        56.7              -4.2 
                               ---------  ------------  -------------  ----------  ---------------- 
International                       44.5          -7.0           -2.0        42.3              -2.8 
                               ---------  ------------  -------------  ----------  ---------------- 
Regional                            37.0         -12.1            1.1        40.4              -9.6 
                               ---------  ------------  -------------  ----------  ---------------- 
 

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, 24 October 2022

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END

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October 25, 2022 03:53 ET (07:53 GMT)

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