Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Air China Limited
  6. News
  7. Summary
    753   CNE1000001S0

AIR CHINA LIMITED

(753)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Air China : ANNOUNCEMENT ON KEY OPERATING DATA OF AUGUST 2021

09/15/2021 | 09:52pm EST

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.

(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 AUGUST 2021

The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 15 September 2021, which contains combined operating data of Air China and its subsidiaries (collectively, the "Group") for August 2021. 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, 15 September 2021

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. Xue Yasong, Mr. Duan Hongyi*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.

  • Independent non-executive director of the Company

- 1 -

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 AUGUST 2021

In August 2021, due to local sporadic cases and pandemic prevention policy, 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 last month. Passenger capacity (measured by available seat kilometers (the "ASK")) recorded a year-on-year decrease of 40.6% and passenger traffic recorded a year-on-year decrease of 53.1%. For domestic routes, passenger capacity decreased by 41.5% and passenger traffic decreased by 54.2%, as compared to the same period last year. For international routes, passenger capacity decreased by 35.1% and passenger traffic decreased by 27.6%, as compared to the same period last year. There has been an increase on the passenger capacity and passenger traffic on regional routes as compared to the same period last year. The overall passenger load factor was 57.6%, representing a decrease of 15.4 percentage points as compared to the same period last year. The passenger load factor decreased by 16.1 percentage points for domestic routes and increased by 6.0 percentage points for international routes as compared to the same period last year, and the passenger load factor for regional routes recorded a year-on-year increase of 28.5 percentage points.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) decreased by 10.3% year on year. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) increased by 16.2%, the volume of cargo and mail carried decreased by 9.6% as compared to the same period last year. The cargo load factor was 49.5%, representing a year-on-year increase of 11.3 percentage points.

In August 2021, the Group introduced two A320NEO aircraft, one A321NEO aircraft, retired one business jet. As at the end of August 2021, the Group operated a fleet of 734 aircraft, including 295 self-owned aircraft, 232 aircraft under finance lease and 207 aircraft under operating lease.

- 2 -

The following table sets forth key operating data of August 2021:

Year-

Year-

Month-

on-Year

on-Year

on-Month

Cumulative

August

Change

Change

Cumulative

Change

2021

(%)1

(%)1

2021

(%)1

I. Capacity

1. ATK (in million)2

1,483.9

-29.4

-36.3

16,740.2

20.1

Domestic

923.1

-41.5

-47.8

11,991.9

43.8

International

543.1

6.0

5.0

4,502.5

-16.8

Regional

17.7

50.5

-57.9

245.8

33.3

2. ASK (in million)3

8,773.0

-40.6

-45.4

107,344.2

16.3

Domestic

8,294.7

-41.5

-46.0

102,744.7

37.8

International

356.5

-35.1

-9.5

2,865.3

-82.6

Regional

121.8

175.9

-61.8

1,734.2

40.1

3. AFTK (in million)4

694.9

-10.3

-21.1

7,072.3

25.7

Domestic

177.9

-41.7

-54.2

2,752.8

68.1

International

511.0

10.5

6.0

4,244.7

8.2

Regional

6.0

-18.7

-43.1

74.8

13.5

II. Traffic

1. RTK (in million)5

784.1

-36.7

-43.2

9,429.0

23.1

Domestic

509.6

-50.4

-53.8

7,304.4

38.2

International

266.4

27.3

5.2

2,001.4

-12.8

Regional

8.1

158.6

-66.3

123.2

51.1

2. RPK (in million)6

5,051.6

-53.1

-57.4

75,165.4

18.2

Domestic

4,798.0

-54.2

-58.1

72,893.8

40.0

International

204.4

-27.6

6.5

1,291.1

-88.1

Regional

49.2

836.9

-76.0

980.6

43.9

3. RFTK (in million)7

344.3

16.2

-0.8

2,767.3

33.9

Domestic

92.7

-15.2

-13.4

854.5

22.6

International

248.3

34.7

5.0

1,887.0

39.5

Regional

3.3

27.6

-10.3

25.7

47.8

4. Number of Passengers

carried (in thousand)

3,216.5

-56.0

-58.6

49,588.7

30.3

Domestic

3,156.4

-56.6

-58.5

48,788.4

37.3

International

33.1

-26.7

9.4

209.1

-90.0

Regional

27.1

602.5

-77.9

591.2

34.7

- 3 -

Year-

Year-

Month-

on-Year

on-Year

on-Month

Cumulative

August

Change

Change

Cumulative

Change

2021

(%)1

(%)1

2021

(%)1

5. Total Cargo and Mail

carried (in tonnes)

88,022.4

-9.6

-10.4

786,796.3

22.8

Domestic

55,806.9

-19.9

-16.8

527,395.2

19.6

International

30,240.5

17.1

4.5

243,159.7

29.3

Regional

1,975.0

6.7

-11.3

16,241.4

34.1

III. Load Factor

1. Passenger Load

Factor (%)8

57.6

-15.4

-16.2

70.0

1.1

Domestic

57.8

-16.1

-16.8

70.9

1.1

International

57.3

6.0

8.6

45.1

-20.6

Regional

40.4

28.5

-23.8

56.5

1.5

2. Cargo and Mail Load

Factor (%)9

49.5

11.3

10.1

39.1

2.4

Domestic

52.1

16.2

24.5

31.0

-11.5

International

48.6

8.7

-0.5

44.5

10.0

Regional

55.9

20.3

20.4

34.4

8.0

3. Overall Load Factor (%)10

52.8

-6.1

-6.4

56.3

1.3

Domestic

55.2

-9.9

-7.1

60.9

-2.5

International

49.1

8.2

0.1

44.5

2.0

Regional

45.8

19.2

-11.5

50.1

5.9

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

- 4 -

  1. "RTK(s)" refers to the revenue load (passenger and cargo) in tonnes multiplied by the kilometers flown
  2. "RPK(s)" refers to the number of revenue passengers carried multiplied by the kilometers flown
  3. "RFTK(s)" refers to the revenue cargo and mail load in tonnes multiplied by the kilometers flown
  4. "Passenger Load Factor" refers to revenue passenger kilometers expressed as a percentage of available seat kilometers
  5. "Cargo and Mail Load Factor" refers to revenue freight tonne kilometers expressed as a percentage of available freight tonne kilometers
  6. "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, 15 September 2021

- 5 -

Disclaimer

Air China Limited published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 01:51:08 UTC.


ę Publicnow 2021
All news about AIR CHINA LIMITED
11/28AIR CHINA : (1) proposed amendments to the articles of association of the company and (2) ..
PU
11/23China to Accelerate Recovery of Civil Aviation Sector
MT
11/22Air China Limited - CHANGE OF REGISTERED ADDRESS
AQ
11/18AIR CHINA : Change of registered address
PU
11/18Air China Limited Announces Change of Registered Address
CI
11/16Air China's Passenger Traffic, Capacity Drop in October
MT
11/15Air China's Passenger Traffic Drops 24% in October
MT
11/15AIR CHINA : Announcement on key operating data of october 2021
PU
11/15Air China Limited Announces Operating Results for the Month and Year to Date Ended Octo..
CI
11/11Extraordinary general meeting notice of attendance
PU
More news
Analyst Recommendations on AIR CHINA LIMITED
More recommendations
Financials
Sales 2021 83 786 M 13 163 M 13 163 M
Net income 2021 -12 663 M -1 989 M -1 989 M
Net Debt 2021 148 B 23 222 M 23 222 M
P/E ratio 2021 -5,21x
Yield 2021 -
Capitalization 119 B 15 318 M 18 771 M
EV / Sales 2021 3,19x
EV / Sales 2022 2,16x
Nbr of Employees 89 373
Free-Float 27,0%
Chart AIR CHINA LIMITED
Duration : Period :
Air China Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIR CHINA LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 4,91 CNY
Average target price 5,41 CNY
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Chong Xian Ma Vice Chairman & President
Feng Xiao Chief Financial Officer
Xiao Hang Zhao Chairman-Supervisory Board
Zhi Yong Song Chairman
Hon Chung Hui Independent Non-Executive Director
Sector and Competitors