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Air China: management discussion of Nov-2009 operating data
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Air China: management discussion of Nov-2009 operating data16-Dec-2009 | |
Tags :China, Air China Passenger capacity, measured by Available Seat Kilometers (ASK), rose by 7.6% year-over-year during the month. Passenger traffic, measured in Revenue Passenger Kilometers (RPK), grew 13% during the period. Capacity on international routes marginally increased by 0.8% year-over-year while RPK increased by 7.3%. Domestic and regional capacity increased by 11.6% and 20.1% year-over-year, respectively, with RPK growing faster at 16.3% and 22.9%, respectively. The passenger load factor improved to 79.3%, an increase of 3.7 percentage points compared with the same period last year. The passenger load factor for the international routes increased by 4.9 percentage points to 80.6%. The domestic and regional passenger load factor went up by 3.2 percentage points and 1.7 percentage points, to 78.7% and 76.8%, respectively. (Please note these figures do not include Air Macau.) In November, air traffic market again experienced across-the-board prominent year-over-year growth in passenger traffic and volume in all markets. Moving into a traditional low season, however, passenger traffic and volume were lower than the levels in October. Cargo market meanwhile continued to gather momentum, with both traffic and volume having recording accelerated year-over-year growth. On a monthly basis, domestic and regional routes maintained the up trend despite international routes seeing a slight decline. Cargo capacity, measured in Available Freighter Tonne Kilometres (AFTK), increased by 13.4% compared with November last year. Cargo traffic, measured in Tonnage Carried, and the Revenue Freighter Tonne Kilometres (RFTK) grew 32.7% and 30.7% year-over-year, respectively. Cargo load factor reached 60.3%, an increase of 7.9 percentage points year-over-year, and was the highest growth year to date. Effective November 20, the Company added Nanjing-Beijing-New York route, with 3 flights per week.In November, the Company’s average jet fuel purchase price at international airports was RMB4,730 per tonne, and the average purchase price of jet fuel for international flights at the top six Chinese airports was RMB4,912 per tonne, representing a 10% and 13% decline year-over-year, respectively. The Company’s average jet fuel purchase price for domestic flights was RMB5,527 per tonne, a drop of 32% compared with November last year. The Company purchased a total of 264,000 tonnes of jet fuel during the month at an average price of RMB5,199 per tonne, a year-over-year decline of 24%. Effective November 10, domestic jet fuel price increased by RMB320 per tonne. On November 11, the National Development and Reform Commission and Civil Aviation Administration of China announced the new jet fuel surcharge collection policy for domestic routes, changing from the current unified system for surcharge to a floating rate system linking fuel surcharges to jet fuel prices. On November 15, the Company announced its new surcharge standard - RMB20 per passenger for the routes equal to or shorter than 800 kilometers and RMB50 per passenger for the routes longer than 800 kilometers. During the month, Air China added one A321-200 and one A320 aircraft. As of November 30, the Company operated a fleet of 258 aircraft.
(c) Centre for Asia Pacific Aviation. Date posted: 16-Dec-09 In-depth analysis of the Chinese airline and airport sectors, including latest traffic and financial reports and outlooks, is available each month in the Monthly Essential China. http://centreforaviation.com/minisites/mec/
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