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AIRC Air China Ld

78.8045
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Air China Ld LSE:AIRC London Ordinary Share CNE1000001S0 H SHS CNY1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 78.8045 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Scheduled 140.73B -1.05B -0.2112 -3.73 3.91B

Air China Ld ANNOUNCEMENT ON KEY OPERATING DATA OF MARCH 2019 (2769W)

16/04/2019 7:00am

UK Regulatory


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TIDMAIRC

RNS Number : 2769W

Air China Ld

16 April 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.

AIR CHINA LIMITED

ANNOUNCEMENT ON KEY OPERATING DATA OF MARCH 2019

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

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

In March 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 and 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 4.0% and 2.6% respectively. For domestic routes, passenger capacity increased by 0.7% and passenger traffic decreased by 1.8%, as compared to the same period last year. For international routes, passenger capacity and passenger traffic increased by 8.7% and 8.8% respectively, as compared to the same period last year. Passenger capacity on regional routes increased by 11.1%, and passenger traffic recorded an increase of 15.9%, as compared to the same period last year. The overall passenger load factor was 80.7%, representing a decrease of 1.1 percentage points as compared to the same period last year. The passenger load factor for domestic routes decreased 2.0 percentage points, the passenger load factor for international routes remained basically the same and the passenger load factor for regional routes increased by 3.4 percentage points year-on-year respectively.

In terms of cargo operations, in March 2019, cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) and freight tonnage carried both recorded increase as compared to the same period last year and compared to the same period last month. Cargo capacity (measured by available freight tonne kilometers (the "AFTK")) increased by 2.1% year-on-year. Cargo and mail traffic increased by 2.8%, the volume of cargo and mail carried increased by 2.7% as compared to the same period last year. The cargo load factor was 43.2%, representing a year-on-year increase of 0.3 percentage point.

In March 2019, the Group introduced three aircraft, including two A320 series and one B737MAX aircraft. As at the end of March 2019, the Group operated a fleet of 676 aircraft, including 280 self- owned aircraft, 193 aircraft under finance lease and 203 aircraft under operating lease.

The newly opened routes in March 2019 are as follows:

 
                     Date                Route                   Schedule 
                                     Baotou-Wuhan            Six times a week 
                             ============================  =================== 
                               Chengdu-Bazhong-Shanghai     Four times a week 
                             ============================  =================== 
                                     Chengdu-Kuqa           Four times a week 
                             ============================  =================== 
                              Chengdu-Zhengzhou-Changchun   Seven times a week 
                             ============================  =================== 
                                  Korla-Lanzhou-Wuhan       Four times a week 
                             ============================  =================== 
                                     Harbin-Wuhan           Seven times a week 
                             ============================  =================== 
                               Shanghai-Hohhot-Xilinhot     Seven times a week 
                             ============================  =================== 
                                   Changsha-Lijiang         Seven times a week 
                             ============================  =================== 
                                 Tianjin-Shiyan-Zhuhai      Four times a week 
                             ============================  =================== 
                                     Wenzhou-Linyi          Seven times a week 
                             ============================  =================== 
                   31 March         Hohhot-Shenyang         Seven times a week 
                             ============================  =================== 
 

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

 
                                                                                                                           Year-on- 
                                            Year-on-Year              Month-on-                                            Year 
                                    March         Change              Month                      Cumulative                Cumulative 
                                    2019             (%)              Change                     2019                      Change (%) 
                                                                      (%) 
I. Capacity 
                       ==================  =============  =====================  ==========================  ======================== 
1. ATK (in million)1              3,090.6            3.4                    6.0                     9,204.8                       6.3 
                       ==================  =============  =====================  ==========================  ======================== 
       Domestic                   1,609.9           -0.9                    2.2                     4,894.3                       4.0 
                       ==================  =============  =====================  ==========================  ======================== 
       International              1,372.0            8.4                   11.4                     3,979.8                       8.8 
                       ==================  =============  =====================  ==========================  ======================== 
       Regional                     108.8            9.9                   -0.9                       330.7                      11.3 
                       ==================  =============  =====================  ==========================  ======================== 
2. ASK (in million)2             23,695.1            4.0                    6.5                    70,319.0                       6.6 
                       ==================  =============  =====================  ==========================  ======================== 
       Domestic                  13,717.7            0.7                    3.5                    41,363.8                       5.0 
                       ==================  =============  =====================  ==========================  ======================== 
       International              9,069.0            8.7                   11.9                    26,223.6                       8.8 
                       ==================  =============  =====================  ==========================  ======================== 
       Regional                     908.4           11.1                    0.6                     2,731.6                      11.6 
                       ==================  =============  =====================  ==========================  ======================== 
3. AFTK (in million)3               953.3            2.1                    4.9                     2,860.2                       5.6 
                       ==================  =============  =====================  ==========================  ======================== 
       Domestic                     375.6           -5.6                   -1.9                     1,171.1                       1.2 
                       ==================  =============  =====================  ==========================  ======================== 
       International                554.7            8.0                   10.7                     1,616.5                       8.9 
                       ==================  =============  =====================  ==========================  ======================== 
       Regional                      22.9            3.8                   -6.1                        72.6                       8.2 
                       ==================  =============  =====================  ==========================  ======================== 
II. Traffic 
                       ==================  =============  =====================  ==========================  ======================== 
1. RTK (in million)4              2,117.2            2.5                   11.7                     6,129.1                       5.1 
                       ==================  =============  =====================  ==========================  ======================== 
       Domestic                   1,132.9           -1.5                    6.2                     3,352.1                       3.3 
                       ==================  =============  =====================  ==========================  ======================== 
       International                907.4            7.2                   20.1                     2,550.0                       6.9 
                       ==================  =============  =====================  ==========================  ======================== 
       Regional                      77.0           14.1                    5.5                       227.0                      14.1 
                       ==================  =============  =====================  ==========================  ======================== 
2. RPK (in million)5             19,117.4            2.6                    2.2                    57,268.1                       7.0 
                       ==================  =============  =====================  ==========================  ======================== 
       Domestic                  11,237.8           -1.8                   -1.5                    34,100.1                       4.2 
                       ==================  =============  =====================  ==========================  ======================== 
       International              7,140.2            8.8                    9.1                    20,930.4                      11.0 
                       ==================  =============  =====================  ==========================  ======================== 
       Regional                     739.4           15.9                   -0.7                     2,237.5                      16.1 
                       ==================  =============  =====================  ==========================  ======================== 
3. RFTK (in million)6               412.0            2.8                   49.2                     1,097.4                      -1.3 
                       ==================  =============  =====================  ==========================  ======================== 
       Domestic                     130.7           -0.4                   59.9                       361.2                      -2.5 
                       ==================  =============  =====================  ==========================  ======================== 
       International                273.6            4.5                   44.0                       716.4                      -0.6 
                       ==================  =============  =====================  ==========================  ======================== 
       Regional                       7.8           -3.1                   71.7                        19.9                      -5.2 
                       ==================  =============  =====================  ==========================  ======================== 
 
 
                                                                                                                            Year-on- 
                                                   Year-on-               Month-                                            Year 
                                    March              Year             on-Month                  Cumulative                Cumulative 
                                    2019             Change               Change                  2019                      Change (%) 
                                                        (%)                  (%) 
 4. Number of 
  Passengers 
  carried (in 
  thousand)                       9,478.5               1.1                  1.0                    28,445.4                       6.4 
                       ==================  ================  ===================  ==========================  ======================== 
       Domestic                   7,534.0              -2.1                 -0.2                    22,738.3                       4.1 
                       ==================  ================  ===================  ==========================  ======================== 
       International              1,475.3              15.6                  8.7                     4,290.1                      16.7 
                       ==================  ================  ===================  ==========================  ======================== 
       Regional                     469.2              16.7                 -1.4                     1,417.0                      15.9 
                       ==================  ================  ===================  ==========================  ======================== 
     5. Total Cargo 
      and 
      Mail carried 
      (in tonnes)               123,193.6               2.7                 56.5                   333,127.8                      -0.8 
                       ==================  ================  ===================  ==========================  ======================== 
       Domestic                  80,401.7               0.0                 61.2                   221,621.2                      -2.5 
                       ==================  ================  ===================  ==========================  ======================== 
       International             37,996.0               9.8                 45.8                    99,344.0                       4.1 
                       ==================  ================  ===================  ==========================  ======================== 
       Regional                   4,795.9              -3.9                 73.0                    12,162.5                      -6.2 
                       ==================  ================  ===================  ==========================  ======================== 
III.Load Factor 
                       ==================  ================  ===================  ==========================  ======================== 
 1. Passenger Load 
  Factor (%)7                        80.7              -1.1                 -3.3                        81.4                       0.3 
                       ==================  ================  ===================  ==========================  ======================== 
       Domestic                      81.9              -2.0                 -4.2                        82.4                      -0.6 
                       ==================  ================  ===================  ==========================  ======================== 
       International                 78.7               0.1                 -2.0                        79.8                       1.5 
                       ==================  ================  ===================  ==========================  ======================== 
       Regional                      81.4               3.4                 -1.1                        81.9                       3.2 
                       ==================  ================  ===================  ==========================  ======================== 
 2. Cargo and Mail 
  Load Factor (%)8                   43.2               0.3                 12.8                        38.4                      -2.7 
                       ==================  ================  ===================  ==========================  ======================== 
       Domestic                      34.8               1.8                 13.4                        30.8                      -1.2 
                       ==================  ================  ===================  ==========================  ======================== 
       International                 49.3              -1.7                 11.4                        44.3                      -4.3 
                       ==================  ================  ===================  ==========================  ======================== 
       Regional                      34.1              -2.4                 15.4                        27.3                      -3.9 
                       ==================  ================  ===================  ==========================  ======================== 
3. Overall Load 
 Factor 
 (%)9                                68.5              -0.5                  3.5                        66.6                      -0.7 
                       ==================  ================  ===================  ==========================  ======================== 
       Domestic                      70.4              -0.5                  2.7                        68.5                      -0.5 
                       ==================  ================  ===================  ==========================  ======================== 
       International                 66.1              -0.7                  4.8                        64.1                      -1.1 
                       ==================  ================  ===================  ==========================  ======================== 
       Regional                      70.8               2.6                  4.3                        68.6                       1.7 
                       ==================  ================  ===================  ==========================  ======================== 
 

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

As at 28 December 2018, the Company has completed the disposal of 51% equity interests in Air China Cargo Co., Ltd. ("Air China Cargo") to China National Aviation Capital Holding Co., Ltd., and the Company no longer holds any equity interests in Air China Cargo. Since January 2019, the temporary announcements and periodic reports of the Company shall no longer contain fleet information of Air China Cargo, and the operating data of the Group shall only include freight data of bellyhold space in passenger aircraft. The freight data for the previous periods shall no longer include Air China Cargo's freight data of all freighters and shall be adjusted to a comparable basis.

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 results from inappropriate reliance upon or utilization of the information given above.

Board of Directors of Air China Limited Beijing, the PRC, 15 April, 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 rns@lseg.com or visit www.rns.com.

END

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April 16, 2019 02:00 ET (06:00 GMT)

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