Air China Limited (00753) saw a year-on-year increase of 22.1% in its passenger traffic volume in October.
Air China (00753) issues announcement that in October 2024, the company and its subsidiaries (referred to as "the group")...
Air China Limited (00753) announced that in October 2024, the company and its subsidiaries (referred to as the "Group") saw a year-on-year increase in passenger turnover (measured by revenue passenger kilometers). Passenger capacity input (measured by available seat kilometers) also increased by 14.5%, with passenger turnover increasing by 22.1%.
Specifically, domestic passenger capacity input increased by 3.0% year-on-year, with passenger turnover increasing by 11.5%; international passenger capacity input increased by 55.5%, with passenger turnover increasing by 65.4%; and regional passenger capacity input increased by 30.2%, with passenger turnover increasing by 35.8%. The average passenger load factor was 81.9%, up by 5.1 percentage points compared to the previous year. Domestic routes saw a 6.5 percentage point increase, international routes saw a 4.5 percentage point increase, and regional routes saw a 2.9 percentage point increase.
In terms of cargo, cargo capacity input (measured by available freight ton kilometers) increased by 20.3% year-on-year, with cargo and mail turnover (measured by revenue freight ton kilometers) increasing by 35.5%. The cargo load factor was 37.3%, up by 4.2 percentage points.
Starting on October 27, 2024, the company added a Shanghai Pudong-Hanoi route (seven times a week).
In October 2024, the Group introduced one ARJ21-700 aircraft. By the end of October 2024, the Group operated a total of 925 aircraft, including 406 owned aircraft, 223 leased through financing, and 296 operated through leasing agreements.
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