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    753   CNE1000001S0

AIR CHINA LIMITED

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Delayed Hong Kong Stock Exchange  -  04:08 2022-06-24 am EDT
5.850 HKD   +1.74%
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Air China: ANNOUNCEMENT ON KEY OPERATING DATA OF APRIL 2022

05/17/2022 | 10:35am EDT

The enclosed announcement (the 'SSE Announcement') was published by Air China Limited (the 'Air China') on the Shanghai Stock Exchange on 13 May 2022, which contains combined operating data for April 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

Huang Bin Huen Ho Yin

Joint Company Secretaries

Beijing, the PRC, 13 May 2022

As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. Ma Chongxian, Mr. Feng Gang, Mr. Patrick Healy, Mr. Li Fushen*, Mr. He Yun*, Mr. Xu Junxin* and Ms. Winnie Tam Wan-chi*.

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:

In April 2022, Air China Limited (the 'Company') and its subsidiaries (the 'Group') recorded a

year-on-year decrease 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 78.0% and a month-on-month decrease of 35.9%. Passenger traffic recorded a year-on-year decrease of 83.9% and a month-on-month decrease of 40.7%.

Among which, for domestic routes, passenger capacity decreased by 78.8% year on year and decreased by 35.6% month on month, and passenger traffic decreased by 84.5% year on year and decreased by 41.7% month on month. For international routes, passenger capacity decreased by 44.1% and 33.7% as compared to the same period last year and the previous month, respectively, and passenger traffic decreased by 35.8% and increased by 8.0% as compared to the same period last year and the previous

month, respectively. For regional routes, passenger capacity decreased by 74.0% and decreased by 52.5% as compared to the same period last year and the previous month, respectively, and passenger traffic recorded a decrease of 85.0% year on year and a decrease of 56.4% month on month. The overall passenger load factor was 54.7%, representing a decrease of 19.8 percentage points as compared to the same period last year and a decrease of 4.4 percentage points as compared to the previous month.

Among which, the passenger load factor for domestic routes decreased by 20.0 percentage points year on year and decreased by 5.8 percentage points month on month, the passenger load factor for international routes increased by 6.4 percentage points and increased by 19.0 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 27.2 percentage points year on year and decreased by 3.3 percentage points month on month.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the 'AFTK')) decreased by 23.6% year on year and decreased by 10.5% month on month. Cargo and mail traffic (measured by revenue freight tonne kilometers (the 'RFTK')) decreased by 5.7% year on year and decreased by 7.3% month on month. The cargo load factor was 43.0%, representing a year-on-year increase of 8.1 percentage points and a month-on-month increase of 1.5 percentage points.

In April 2022, the Group introduced two A321NEO aircraft, retired one A319 aircraft. As at the end of April 2022, the Group operated a fleet of 752 aircraft, including 303 self-owned aircraft, 240 aircraft under finance lease and 209 aircraft under operating lease.

3 - The following table sets forth key operating data of April 2022:

April 2022	Yearon-Year	Change (%)1	Monthon-Month	Change (%)1	
Cumulative2022	Yearon-Year	Cumulative	Change (%)1

I. Capacity

1. ATK (in million)2 1,190.4 -55.2 -19.5 6,493.0 -22.5

Domestic 436.5 -78.1 -34.4 3,591.1 -40.2

International 736.1 18.0 -7.0 2,793.1 23.5

Regional 17.8 -49.6 -22.9 108.7 0.9

2. ASK (in million)3 3,754.3 -78.0 -35.9 31,453.5 -40.3

Domestic 3,494.7 -78.8 -35.6 29,620.5 -41.4

International 193.9 -44.1 -33.7 1,140.2 -19.5

Regional 65.7 -74.0 -52.5 692.7 -3.0

3. AFTK (in million)4 852.2 -23.6 -10.5 3,657.5 0.8

Domestic 122.1 -76.1 -31.0 926.4 -36.3

International 718.6 21.3 -6.1 2,690.5 26.0

Regional 11.4 9.6 17.9 40.7 9.3

II. Traffic

1. RTK (in million)5 550.2 -63.9 -22.0 3,093.9 -32.6

Domestic 235.5 -80.8 -37.3 1,939.2 -45.8

International 307.7 11.1 -3.9 1,106.9 14.3

Regional 7.0 -63.5 -24.3 47.8 -2.7

2. RPK (in million)6 2,051.8 -83.9 -40.7 19,036.9 -47.5

Domestic 1,931.9 -84.5 -41.7 18,355.2 -48.0

International 95.6 -35.8 8.0 338.5 -41.6

Regional 24.3 -85.0 -56.4 343.2 -8.7

3. RFTK (in million)7 366.4 -5.7 -7.3 1,406.4 3.3

Domestic 62.6 -48.6 -20.8 315.8 -26.9

International 299.2 13.4 -4.2 1,076.8 17.4

Regional 4.6 51.5 21.8 13.8 18.3

April 2022 Yearon-Year Change (%)1 Monthon-Month Change (%)1

Cumulative 2022 Yearon-Year Cumulative Change (%)1

4. Number of Passengers

carried (in thousand) 1,328.6 -84.2 -41.4 12,406.9 -48.3

Domestic 1,303.1 -84.3 -41.3 12,146.6 -48.6

International 13.2 -45.3 -14.1 58.1 -40.9

Regional 12.4 -87.5 -61.3 202.2 -13.6

5. Total Cargo and Mail

carried (in tonnes) 76,531.2 -31.2 -12.1 328,065.2 -17.2

Domestic 37,612.4 -49.9 -20.0 190,374.7 -28.4

International 36,165.2 5.6 -4.0 128,950.3 4.8

Regional 2,753.6 42.1 16.2 8,740.2 16.2

III. Load Factor

1. Passenger Load Factor

(%)8 54.7 -19.8 -4.4 60.5 -8.3

Domestic 55.3 -20.0 -5.8 62.0 -7.9

International 49.3 6.4 19.0 29.7 -11.2

Regional 37.0 -27.2 -3.3 49.5 -3.1

2. Cargo and Mail Load

Factor (%)9 43.0 8.1 1.5 38.5 0.9

Domestic 51.3 27.4 6.6 34.1 4.4

International 41.6 -2.9 0.8 40.0 -2.9

Regional 40.6 11.2 1.3 33.9 2.6

3. Overall Load Factor

(%)10 46.2 -11.2 -1.4 47.7 -7.2

Domestic 54.0 -7.5 -2.5 54.0 -5.5

International 41.8 -2.6 1.3 39.6 -3.2

Regional 39.4 -15.0 -0.7 44.0 -1.6

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, 13 May 2022

(C) 2022 Electronic News Publishing, source ENP Newswire

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Sales 2022 84 756 M 12 670 M 12 670 M
Net income 2022 -17 945 M -2 683 M -2 683 M
Net Debt 2022 155 B 23 171 M 23 171 M
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