BEIJING, April 27, 2018 /PRNewswire/ -- Air China
Limited ("Air China" or the "Company," together with its
subsidiaries, collectively the " Group") (HKEX: 00753; LSE: AIRC;
SSE: 601111; ADR OTC: AIRYY), today announced its first quarter
results of 2018 (the "Period").
Results Highlights
- Total profit increased 66.31% year-on-year to RMB4.024 billion
- Operating income increased 9.11% year-on-year to RMB31.607 billion
- Total operating cost increased 6.71% year-on-year to
RMB 28.230 billion
Operation and Business Highlights
In the first quarter of 2018, the Chinese economy developed
steadily. As residents' demand for travel was strong, air passenger
traffic maintained steady growth while demand in the cargo market
continued to improve. During the Period, the Group recorded
operating income of RMB31.607
billion, an increase of 9.11% over the same period of last
year. Total operating cost was RMB 28.230
billion, an increase of 6.71% over the same period of last
year. Total profit was RMB4.024
billion, an increase of 66.31% over the same period of last
year, and net profit attributable to shareholders of listed
companies was RMB2.628 billion, an
increase of 79.23% over the same period of last year.
During the Period, the Group's passenger capacity, measured by
Available Seat Kilometers (ASK) increased by 10.96% year on year to
65.758 billion. The passenger traffic, measured by Revenue
Passenger Kilometers (RPK) was 53.350 billion, an increase of 9.75%
year on year. Among which, RPK of domestic routes, international
routes and regional routes amounted to 32.596 billion, 18.849
billion, and 1.905 billion, up 7.44%,13.65% and 12.92% year on
year, respectively. The passenger load factor was 81.13%, a slight
decrease of 0.90 percentage points year on year, of which, the
passenger load factor of domestic, international and regional
routes were 83.02%, 78.28% and 78.90% respectively.
In terms of air cargo, the Available Freight Tonne Kilometers
(AFTK) amounted to 3.518 billion, up 9.81% year on year, while the
Revenue Freight Tonne Kilometers (RFTK) amounted to 1.803 billion,
up 10.90% year on year. The cargo and mail load factor was 51.26%,
up 0.51 percentage points year on year.
Outlook
Benefitting from the continued development of the global
aviation industry, steady growth of China's macro economy, and the influence of a
series of policies favourable to the industry, we expect the
Company will have larger room for development this year. Adhering
to the development philosophy of "Innovation, Coordination, Green,
Openness and Sharing", the Group will persist in making progress
while pursuing stability, continue to deepen reform and innovation,
strengthen cost management and control, optimize capital and debt
structure, and consolidate and enhance competitive advantages, so
as to achieve better performance and sustainable development to its
utmost ability.
About Air China
Air China Limited (Air China) is the national flag carrier of
China and a leading provider of
passenger, air cargo and airline-related services and products in
China. Its operational
headquarters is in Beijing, a
major domestic and international hub in China. It also provides airline-related
services, including aircraft maintenance, ground handling services
in Beijing, Chengdu, and other locations. As of
31 December, 2017, the Group operated
a fleet of 655 aircraft with an average age of 6.53 years, while
the Company operated a fleet of 396 aircraft with an average age of
6.57 years. Passenger traffic routes have reached 420, including
101 international, 16 regional and 303 domestic routes. The
Company's network covered 40 countries and regions globally and 185
cities, including 66 international, 3 regional and 116 domestic
cities. Air China was listed on
Hong Kong Stock Exchange and London Stock Exchange on 15 December, 2004 under codes 00753 and AIRC
respectively. On June 30, 2006, a
level 1 sponsored ADR program was set up for Air China with the
ticker AIRYY. On August 18, 2006, Air
China was listed on Shanghai Stock Exchange under code 601111. For
further details, please visit Air China's website:
www.airchina.com.cn.
Safe Harbor Statement
This press release contains projections and forward-looking
statements that reflect the company's current views with respect to
future events and financial performance. These views are based on
current assumptions which are subject to various risks and which
may change over time. No assurance can be given that future events
will occur that projections will be achieved, or that the company's
assumptions are correct. Actual results may differ materially from
those projections.
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