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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 JANUARY 2020 (1369D)

17/02/2020 7:00am

UK Regulatory


Air China Ld (LSE:AIRC)
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TIDMAIRC

RNS Number : 1369D

Air China Ld

17 February 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 JANUARY 2020

The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 14 February 2020, which contains combined operating data for January 2020 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 result 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, 14 February 2020

As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Xue Yasong, Mr. Patrick Healy, 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 JANUARY 2020

In January 2020, 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. Passenger capacity (measured by available seat kilometers (the "ASK")) recorded a year-on-year increase of 1.2% and passenger traffic recorded a year-on-year decrease of 2.9%. For domestic routes, passenger capacity increased by 1.7% and passenger traffic decreased by 2.4%, as compared to the same period last year. For international routes, passenger capacity increased by 1.3% and passenger traffic decreased by 1.9%, as compared to the same period last year. Passenger capacity on regional routes decreased by 7.9%, and passenger traffic recorded a decrease of 20.7%, as compared to the same period last year. The overall passenger load factor was 76.6%, representing a decrease of 3.3 percentage points as compared to the same period last year. The passenger load factor for domestic routes decreased by 3.2 percentage points and for international routes decreased by 2.6 percentage points as compared to the same period last year, and the passenger load factor for regional routes decreased by 11.4 percentage points year-on-year.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) maintained the same year-on-year. Cargo and mail traffic decreased by 14.2%, and the volume of cargo and mail carried decreased by 15.5% as compared to the same period last year. The cargo load factor was 35.3%, representing a year-on-year decrease of 5.7 percentage points.

The Company launched a Hangzhou-Tokyo route (four shifts per week) on 10 January 2020, and a Hohhot-Nanchang route (seven shifts per week) on 15 January 2020.

In January 2020, the Group introduced two A320 series aircraft and retired one B737-800 aircraft. As at the end of January 2020, the Group operated a fleet of 700 aircraft, including 286 self-owned aircraft, 207 aircraft under finance lease and 207 aircraft under operating lease.

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

 
                                                                                                              Year-on- 
                                                   Year-on-               Month-                                  Year 
                                                       Year             on-Month                            Cumulative 
                             January                 Change               Change    Cumulative                  Change 
                                2020                  (%) 1                (%) 1          2020                   (%) 1 
 I. Capacity 
                         ===========  =====================  ===================  ============  ====================== 
 1. ATK (in million) 2   3,221.5      0.8                    2.3                  3,221.5       0.8 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        1,733.5      1.4                    1.4                  1,733.5       1.4 
                         ===========  =====================  ===================  ============  ====================== 
         International   1,388.7      0.9                    3.1                  1,388.7       0.9 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        99.3         -11.6                  6.5                  99.3          -11.6 
                         ===========  =====================  ===================  ============  ====================== 
 2. ASK (in million) 3   24,658.3     1.2                    1.0                  24,658.3      1.2 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        14,640.1     1.7                    1.1                  14,640.1      1.7 
                         ===========  =====================  ===================  ============  ====================== 
         International   9,170.8      1.3                    0.4                  9,170.8       1.3 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        847.3        -7.9                   4.9                  847.3         -7.9 
                         ===========  =====================  ===================  ============  ====================== 
 3. AFTK (in million) 4  995.4        -0.3                   5.3                  955.4         -0.3 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        416.4        0.8                    2.4                  416.4         0.8 
                         ===========  =====================  ===================  ============  ====================== 
         International   560.7        0.0                    7.3                  560.7         0.0 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        18.3         -27.8                  13.9                 18.3          -27.8 
                         ===========  =====================  ===================  ============  ====================== 
 II. Traffic 
                         ===========  =====================  ===================  ============  ====================== 
 1. RTK (in million) 5   1,999.2      -5.6                   -5.6                 1,999.2       -5.6 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        1,098.0      -4.8                   -6.3                 1,098.0       -4.8 
                         ===========  =====================  ===================  ============  ====================== 
         International   841.7        -5.1                   -5.0                 841.7         -5.1 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        59.5         -22.8                  -1.2                 59.5          -22.8 
                         ===========  =====================  ===================  ============  ====================== 
 2. RPK (in million) 6   18,880.0     -2.9                   -2.1                 18,880.0      -2.9 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        11,176.6     -2.4                   -3.0                 11,176.6      -2.4 
                         ===========  =====================  ===================  ============  ====================== 
         International   7,106.0      -1.9                   -0.8                 7,106.0       -1.9 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        597.3        -20.7                  0.6                  597.3         -20.7 
                         ===========  =====================  ===================  ============  ====================== 
 3. RFTK (in million) 7  351.0        -14.2                  -12.8                351.0         -14.2 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        123.8        -16.9                  -14.6                123.8         -16.9 
                         ===========  =====================  ===================  ============  ====================== 
         International   224.3        -11.3                  -11.6                224.3         -11.3 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        3.0          -60.3                  -21.1                3.0           -60.3 
                         ===========  =====================  ===================  ============  ====================== 
  4. Number of 
   Passengers 
   carried (in 
   thousand)               9,188.8      -4.1                   -3.2                 9,188.8       -4.1 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        7,334.0      -4.2                   -4.1                 7,334.0       -4.2 
                         ===========  =====================  ===================  ============  ====================== 
         International   1,471.2      0.9                    0.7                  1,471.2       0.9 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        383.6        -18.7                  0.9                  383.6         -18.7 
                         ===========  =====================  ===================  ============  ====================== 
  5. Total Cargo and 
   Mail 
   carried (in tonnes)     110,836.4    -15.5                  -14.3                110,836.4     -15.5 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        76,644.4     -16.1                  -15.3                76,644.4      -16.1 
                         ===========  =====================  ===================  ============  ====================== 
         International   32,022.8     -9.2                   -11.6                32,022.8      -9.2 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        2,169.2      -52.8                  -16.5                2,169.2       -52.8 
                         ===========  =====================  ===================  ============  ====================== 
 III. Load Factor 
                         ===========  =====================  ===================  ============  ====================== 
 1. Passenger Load 
  Factor 
  (%) 8                  76.6         -3.3                   -2.4                 76.6          -3.3 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        76.3         -3.2                   -3.2                 76.3          -3.2 
                         ===========  =====================  ===================  ============  ====================== 
         International   77.5         -2.6                   -0.9                 77.5          -2.6 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        70.5         -11.4                  -3.0                 70.5          -11.4 
                         ===========  =====================  ===================  ============  ====================== 
  2. Cargo and Mail 
   Load 
   Factor (%) 9            35.3         -5.7                   -7.3                 35.3          -5.7 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        29.7         -6.3                   -5.9                 29.7          -6.3 
                         ===========  =====================  ===================  ============  ====================== 
         International   40.0         -5.1                   -8.5                 40.0          -5.1 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        16.3         -13.3                  -7.2                 16.3          -13.3 
                         ===========  =====================  ===================  ============  ====================== 
 3. Overall Load Factor 
  (%) 10                 62.1         -4.2                   -5.2                 62.1          -4.2 
                         ===========  =====================  ===================  ============  ====================== 
         Domestic        63.3         -4.1                   -5.2                 63.3          -4.1 
                         ===========  =====================  ===================  ============  ====================== 
         International   60.6         -3.9                   -5.1                 60.6          -3.9 
                         ===========  =====================  ===================  ============  ====================== 
         Regional        59.9         -8.8                   -4.7                 59.9          -8.8 
                         ===========  =====================  ===================  ============  ====================== 
 

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, 14 February 2020

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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(END) Dow Jones Newswires

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

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