Air China : ANNOUNCEMENT ON KEY OPERATING DATA OF SEPTEMBER 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.

(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 SEPTEMBER 2020

The enclosed announcement (the "SSE Announcement") was published by Air China Limited (the "Air China") on the Shanghai Stock Exchange on 15 October 2020, which contains combined operating data for September 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, 15 October 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

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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 SEPTEMBER 2020

In September 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 34.9% and a month-on-month increase of 4.7%. Passenger traffic recorded a year-on-year decrease of 38.6% and a month-on-month increase of 8.7%. For domestic routes, passenger capacity recorded a year-on-year increase of 5.6% and a month-on-month increase of 4.6%; passenger traffic increased by 0.1%, as compared to the same period last year, and recorded a month-on-month increase of 9.2%. For international routes, passenger capacity decreased by 0.3% and passenger traffic decreased by 13.4%, as compared to last month. Passenger capacity on regional routes increased by 100%, and passenger traffic recorded an increase of 175.5%, as compared to last month. The overall passenger load factor was 75.7%, representing an increase of 2.8 percentage points as compared to last month. The passenger load factor for domestic routes increased by 3.2 percentage points and for international routes decreased by 6.7 percentage points as compared to last month, and the passenger load factor for regional routes increased by 4.5 percentage points month-on-month.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) decreased by 0.2% year-on-year and increased by 13.9% month-on-month. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) decreased by 10.9% year-on-year and increased by 18.8% month-on-month. The cargo load factor was 39.8%, representing a year-on-year decrease of 4.8 percentage points and a month-on-month increase of 1.7 percentage points.

In September 2020, the Group introduced two A320NEO aircraft. As at the end of September 2020, the Group operated a fleet of 702 aircraft, including 293 self-owned aircraft, 206 aircraft under finance lease and 203 aircraft under operating lease.

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The following table sets forth key operating data of September 2020:

					Year-on-
		Year-on-	Month- on-		Year
		Year	Month		Cumulative
	September	Change	Change	Cumulative	Change
	2020	(%)1	(%)1	2020	(%)1
I. Capacity
1. ATK (in million)2	2,273.1	-24.9	8.2	16,206.8	-41.4
Domestic	1,697.0	5.7	7.6	10,038.0	-29.7
International	560.5	-57.8	9.4	5,969.0	-51.7
Regional	15.6	-83.0	32.7	199.8	-80.0
2. ASK (in million)3	15,460.9	-34.9	4.7	107,755.3	-50.1
Domestic	14,825.1	5.6	4.6	89,401.1	-28.4
International	547.6	-93.8	-0.3	17,028.3	-79.4
Regional	88.3	-88.9	100.0	1,325.9	-84.1
3. AFTK (in million)4	882.5	-0.2	13.9	6,506.6	-20.3
Domestic	364.6	6.8	19.5	2,001.6	-34.2
International	511.1	-3.0	10.5	4,432.3	-9.8
Regional	6.9	-56.6	-6.2	72.7	-65.3
II. Traffic
1. RTK (in million)5	1,398.1	-33.3	12.8	9,056.9	-52.3
Domestic	1,165.2	0.4	13.4	6,451.2	-36.9
International	228.8	-74.0	9.6	2,520.1	-68.9
Regional	4.1	-92.7	29.4	85.6	-87.4
2. RPK (in million)6	11,702.5	-38.6	8.7	75,267.5	-57.1
Domestic	11,443.7	0.1	9.2	63,516.0	-38.5
International	244.3	-96.6	-13.4	11,055.8	-83.2
Regional	14.5	-97.3	175.5	695.7	-89.5
3. RFTK (in million)7	351.6	-10.9	18.8	2,415.9	-31.9
Domestic	141.8	0.9	29.7	838.6	-26.1
International	207.3	-17.2	12.6	1,557.2	-33.8
Regional	2.6	-34.6	0.4	20.0	-67.5

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					Year-on-
		Year-on-	Month- on-		Year
		Year	Month		Cumulative
	September	Change	Change	Cumulative	Change
	2020	(%)1	(%)1	2020	(%)1
4. Number of Passengers
carried (in thousand)	7,824.0	-16.6	6.9	45,884.2	-46.9
Domestic	7,775.7	1.3	7.0	43,310.6	-37.4
International	39.0	-97.1	-13.7	2125.5	-83.5
Regional	9.4	-97.3	143.7	448.2	-89.5
5. Total Cargo and Mail
carried (in tonnes)	120,448.1	-2.6	23.8	761,063.7	-27.6
Domestic	89,291.5	2.8	28.2	530,109.0	-23.9
International	29,280.1	-14.2	13.6	216,960.9	-31.8
Regional	1,876.5	-30.0	1.4	13,993.7	-62.3
III. Load Factor
1. Passenger Load Factor
(%)8	75.7	-4.6	2.8	69.9	-11.5
Domestic	77.2	-4.2	3.2	71.0	-11.6
International	44.6	-35.1	-6.7	64.9	-14.6
Regional	16.4	-52.2	4.5	52.5	-26.7
2. Cargo and Mail Load
Factor (%)9	39.8	-4.8	1.7	37.1	-6.3
Domestic	38.9	-2.2	3.1	41.9	4.6
International	40.6	-7.0	0.8	35.1	-12.7
Regional	38.1	12.8	2.5	27.6	-1.8
3. Overall Load Factor
(%)10	61.5	-7.8	2.5	55.9	-12.9
Domestic	68.7	-3.6	3.5	64.3	-7.3
International	40.8	-25.4	0.1	42.2	-23.3
Regional	26.0	-34.9	-0.7	42.9	-24.9

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