HONG KONG, Nov. 1, 2018 /PRNewswire/ --
Results Highlights
Item
(RMB100
million)
|
January-September 2018
|
January-September
2017
|
Change
%
|
Revenue from
operations
|
1028.80
|
917.82
|
12.09
|
Total operating
costs
|
966.33
|
808.59
|
19.51
|
Net Profit
attributable to shareholders
|
69.37
|
82.79
|
-16.20
|
Earnings per share
(RMB)
|
0.51
|
0.62
|
-17.74
|
Air China Limited ("Air China" or the "Company," together with
its subsidiaries, collectively the "Group") (Stock code: HKEX: 753)
(LSE: AIRC) (SSE: 601111) (ADR OTC: AIRYY) today announced its
financial results for the first three quarters of
2018[1] (the "Period").
Operation and Business Highlights
During the first three quarters of 2018, China's economy maintained stable growth with
continuous improvement. Especially benefitting from the strong
demand in the summer holiday, the domestic passenger traffic grew
steadily and enthusiasm for outbound travel remained high. Despite
the reduced net profit as a result of the rising oil prices and
depreciation of Renminbi against US dollars, the Company still
maintained a leading an advantage in the industry in terms of total
revenue and traffic revenue. During the reporting the period, the
Group recorded the revenue from operations of RMB102.880 billion, representing an increase of
12.09%. The total operating costs was RMB96.633 billion, representing an increase of
19.51%. The net profit attributable to shareholders decreased by
16.20% to RMB6.937 billion from
RMB8.279 billion in 2017.
During the Period, the Group's passenger capacity, measured by
Available Seat Kilometers (ASK), increased by 11.32% to 204.073
billion. Capacity for domestic, international and regional routes
rose by 8.75%, 15.80% and 8.55% year-on-year respectively. Overall
passenger traffic, measured by Revenue Passenger Kilometers (RPK),
increased by 10.88% to 165.084 billion compared with that of 2017.
Traffic on domestic, international and regional routes increased by
8.41%, 14.91% and 13.43% year-on-year respectively. Passenger load
factor slightly decreased by 0.32 percentage points to 80.89%.
During the Period, the Available Freight Tonne Kilometers (AFTK)
increased by 8.07% year-on-year to 10.483 billion, while the
Revenue Freight Tonne Kilometers (RFTK) increased by 7.11%
year-on-year to 5.877 billion. The cargo and mail load factor
decreased by 0.51 percentage points to 56.06%.
Outlook
The aviation industry is still facing numerous challenges from
the increasing exchange rate, rising oil prices to lack of aviation
resources. Nevertheless, the overall demand-supply condition is
improving. Under this complicated and ever-changing operational
environment, the Group will continue to uphold its philosophies of
maintaining stability in operations while identifying new impetus.
It will devote more efforts to efficiency enhancement and business
model innovations, seek to satisfy travelers' personalized demand
and further strengthen its comprehensive competences and
competitiveness, in order to achieve sustainable development.
[1] All data are calculated according to China's Accounting Regulations for Enterprises
and are unaudited.
About Air China
Air China Limited 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
June 30, 2018, the Group operated a
fleet of 662 aircraft with an average age of 6.74 years, while the
Company operated a fleet of 397 aircraft with an average age of
6.76 years. The Company's passenger routes have expanded to 434 in
total, across six continents of the world, comprising 308 domestic,
109 international and 17 regional routes. The Company's network
covered 42 countries and regions and 189 cities, including 69
international, 4 regional and 116 domestic cities. Through
Star Alliance, the Company's route
network extended to 1,317 destinations in 193 countries. Air
China was listed on the Hong Kong
Stock Exchange and the London Stock Exchange on December 15, 2004 under codes 00753 and AIRC
respectively. On June 30, 2006, Air
China established the Level 1 American Depositary Receipts
Sponsored Programme under code AIRYY. On August 18, 2006, Air China was listed on the
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 projected.
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