TIDMAIRC

RNS Number : 5123F

Air China Ld

17 November 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.

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 OCTOBER 2020

The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 16 November 2020, which contains combined operating data for October 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

Company Secretary

Beijing, the PRC, 16 November 2020

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 inChinese, 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 OCTOBER 2020

In October 2020, Air China Limited (the "Company"), and its subsidiaries (the "Group") recorded decrease in combined passenger traffic (measured by revenue passenger kilometers (the "RPK")) as compared to the same period last year and recorded increase as compared to last month. Passenger capacity (measured by available seat kilometers (the "ASK")) recorded a year-on-year decrease of 29.2% and a month-on-month increase of 10.4%. Passenger traffic recorded a year-on-year decrease of 35.3% and a month-on-month increase of 8.8%. For domestic routes, passenger capacity recorded a year-on-year increase of 13.7% and a month-on-month increase of 9.8%; passenger traffic recorded a year-on-year increase of 2.6% and a month-on-month increase of 8.3%. For international routes, passenger capacity increased by 11.2% and passenger traffic increased by 11.1%, as compared to last month. Passenger capacity on regional routes increased by 102.2% and passenger traffic increased by 428.4%, as compared to last month. The overall passenger load factor was 74.6%, representing a decrease of 1.1 percentage points as compared to last month. The passenger load factor for domestic routes decreased by 1.1 percentage points and for international routes decreased by 0.1 percentage point as compared to last month, and the passenger load factor for regional routes increased by 26.4 percentage points month-on-month.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) increased by 12.1% year-on-year and 17.6% month-on-month. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) decreased by 12.4% year-on-year and increased by 6.0% month-on-month. The cargo load factor was 35.9%, representing a year-on-year decrease of 10.1 percentage points and a month-on-month decrease of 3.9 percentage points.

In October 2020, the Group introduced one ARJ21 aircraft, one A320NEO aircraft, and retired one A320 aircraft. As at the end of October 2020, the Group operated a fleet of 703 aircraft, including 293 self-owned aircraft, 208 aircraft under finance lease and 202 aircraft under operating lease.

The new routes opened in October 2020 are as follows:

 
                                  Route                                    Flight Frequency        Start Date 
                  Beijing, Capital International Airport                   seven flights per     25 October 2020 
                                  (PEK) -                                         week 
                                 Hengyang 
                                                                        --------------------  ------------------ 
                  Beijing, Daxing International Airport                    seven flights per     25 October 2020 
                                  (PKX) -                                         week 
                                  Bazhong 
                                                                        --------------------  ------------------ 
                            Chengdu - Boao                                 seven flights per     25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                          Chengdu - Shiyan                                 four flights per      25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                                                Chengdu - Shijiazhuang     seven flights per     25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                             Hefei - Guilin                                seven flights per     25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                                               Nanchang - Shijiazhuang     seven flights per     25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                          Nanchang - Xi'an                                 seven flights per     25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                             Shanghai, Pudong International Airport        seven flights per     25 October 2020 
                              (PVG) -                                             week 
                              Xining - Urumqi 
                                                                        --------------------  ------------------ 
                  Shanghai, Pudong International Airport                   seven flights per     25 October 2020 
                                   (PVG)                                          week 
                                 -Huizhou 
                                                                        --------------------  ------------------ 
                  Shanghai, Pudong International Airport                   three flights per     26 October 2020 
                                  (PVG) -                                         week 
                                   Boao 
                                                                        --------------------  ------------------ 
                  Shanghai, Pudong International Airport                   seven flights per     25 October 2020 
                                  (PVG) -                                         week 
                                  Zhuhai 
                                                                        --------------------  ------------------ 
                        Hangzhou - Shantou                                 seven flights per     25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                          Hangzhou - Erdos                                 four flights per      25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                         Wenzhou - Nanning                                 four flights per      25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                           Tianjin - Ningbo                                seven flights per     25 October 2020 
                                                                                  week 
                                                                        --------------------  ------------------ 
                                Wuhan - Shanghai, Pudong International     seven flights per     25 October 2020 
                                 Airport (PVG)                                    week 
                                                                        --------------------  ------------------ 
 

The following table sets forth key operating data for October 2020:

 
                                                                     Month-on-                 Year-on-Year 
                                        Year-on-Year              Month Change                   Cumulative 
                             October          Change                    (%)(1)    Cumulative         Change 
                                2020          (%)(1)                                    2020         (%)(1) 
I. Capacity 
                           ---------  --------------  ------------------------  ------------  ------------- 
1. ATK (in million)(2)       2,574.7           -17.0                      13.3      18,781.5          -38.9 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                 1,947.2            16.4                      14.7      11,985.3          -24.8 
                           ---------  --------------  ------------------------  ------------  ------------- 
    International              603.6           -54.6                       7.7       6,572.5          -52.0 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Regional                    23.9           -75.6                      53.6         223.7          -79.7 
                           ---------  --------------  ------------------------  ------------  ------------- 
2. ASK (in million)(3)      17,067.3           -29.2                      10.4     124,822.6          -48.0 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                16,279.9            13.7                       9.8     105,681.1          -24.1 
                           ---------  --------------  ------------------------  ------------  ------------- 
    International              608.9           -93.2                      11.2      17,637.2          -80.7 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Regional                   178.5           -79.0                     102.2       1,504.4          -83.7 
                           ---------  --------------  ------------------------  ------------  ------------- 
3. AFTK (in million)(4)      1,037.9            12.1                      17.6       7,544.6          -17.0 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                   483.0            25.4                      32.5       2,484.6          -27.5 
                           ---------  --------------  ------------------------  ------------  ------------- 
    International              548.7             4.9                       7.4       4,981.0           -8.4 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Regional                     6.3           -63.7                      -8.8          79.0          -65.2 
                           ---------  --------------  ------------------------  ------------  ------------- 
II. Traffic 
                           ---------  --------------  ------------------------  ------------  ------------- 
1. RTK (in million)(5)       1,505.6           -30.8                       7.7      10,562.5          -50.1 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                 1,232.4             2.0                       5.8       7,683.6          -32.8 
                           ---------  --------------  ------------------------  ------------  ------------- 
    International              263.4           -71.0                      15.1       2,783.5          -69.1 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Regional                     9.8           -83.6                     142.4          95.5          -87.1 
                           ---------  --------------  ------------------------  ------------  ------------- 
2. RPK (in million)(6)      12,735.9           -35.3                       8.8      88,003.4          -54.9 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                12,388.2             2.6                       8.3      75,904.2          -34.2 
                           ---------  --------------  ------------------------  ------------  ------------- 
    International              271.3           -96.1                      11.1      11,327.1          -84.4 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Regional                    76.4           -87.1                     428.4         772.0          -89.3 
                           ---------  --------------  ------------------------  ------------  ------------- 
3. RFTK (in million)(7)        372.9           -12.4                       6.0       2,788.8          -29.8 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                   131.3            -4.2                      -7.4         969.9          -23.7 
                           ---------  --------------  ------------------------  ------------  ------------- 
    International              239.4           -15.9                      15.5       1,796.6          -31.9 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Regional                     2.2           -44.7                     -15.0          22.3          -66.1 
                           ---------  --------------  ------------------------  ------------  ------------- 
 4. Number of Passengers 
  carried (in thousand)      8,463.4           -13.8                       8.2      54,347.5          -43.5 
                           ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                 8,372.3             3.6                       7.7      51,682.8          -33.2 
                           ---------  --------------  ------------------------  ------------  ------------- 
    International               42.9           -96.8                      10.0       2,168.3          -84.8 
                           ---------  --------------  ------------------------  ------------  ------------- 
 
 
                                                                           Month-on-                 Year-on-Year 
                                              Year-on-Year              Month Change                   Cumulative 
                                   October          Change                    (%)(1)    Cumulative         Change 
                                      2020          (%)(1)                                    2020         (%)(1) 
    Regional                          48.3           -87.1                     414.3         496.4          -89.3 
                                 ---------  --------------  ------------------------  ------------  ------------- 
5. Total Cargo and Mail 
 carried (in tonnes)             116,652.8            -8.2                      -3.2     877,716.5          -25.5 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                      83,168.0            -2.7                      -6.9     613,277.0          -21.6 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    International                 31,966.7           -17.8                       9.2     248,927.7          -30.2 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    Regional                       1,518.1           -44.7                     -19.1      15,511.8          -61.1 
                                 ---------  --------------  ------------------------  ------------  ------------- 
III. Load Factor 
                                 ---------  --------------  ------------------------  ------------  ------------- 
1. Passenger Load Factor 
 (%)(8)                               74.6            -7.0                      -1.1          70.5          -10.9 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                          76.1            -8.3                      -1.1          71.8          -11.0 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    International                     44.6           -33.9                      -0.1          64.2          -15.2 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    Regional                          42.8           -26.8                      26.4          51.3          -27.0 
                                 ---------  --------------  ------------------------  ------------  ------------- 
2. Cargo and Mail Load Factor 
 (%)(9)                               35.9           -10.1                      -3.9          37.0           -6.8 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                          27.2            -8.4                     -11.7          39.0            1.9 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    International                     43.6           -10.8                       3.1          36.1          -12.4 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    Regional                          35.5            12.2                      -2.6          28.2           -0.7 
                                 ---------  --------------  ------------------------  ------------  ------------- 
3. Overall Load Factor (%)(10)        58.5           -11.7                      -3.0          56.2          -12.7 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    Domestic                          63.3            -8.9                      -5.4          64.1           -7.6 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    International                     43.6           -24.6                       2.8          42.4          -23.5 
                                 ---------  --------------  ------------------------  ------------  ------------- 
    Regional                          41.1           -20.0                      15.1          42.7          -24.5 
                                 ---------  --------------  ------------------------  ------------  ------------- 
 

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 kilometer

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, 16 November 2020

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November 17, 2020 02:00 ET (07:00 GMT)

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