HONG KONG, Aug. 31, 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 results for the 6 months ended
June 30, 2018 ("the Period").
Results Highlights
- Revenue rose 11.96% year-on-year to RMB64.242 billion
- Operating expenses increased 12.53% year-on-year to
RMB59.574 billion
- Earnings per share attributable to equity shareholders of the
Company increased 4.05% year-on-year to RMB3.476 billion
- Profit per share slightly decreased 0.04% year-on-year to
RMB0.25
In the first half of 2018, China passenger aviation market grew steadily
in demand and supply while outbound travel and international
traffic demand continued to rise with a rapid growth, and there was
a faster growth in capacity supply. The Group has capitalized on
market opportunities by prudently optimizing its production
organization, stabilizing income level and strengthening cost
management to reinforce its competitive advantage in the core
business. In spite of unfavorable factors such as higher jet fuel
prices and depreciation in exchange rates, the Group has delivered
solid results for the Period.
Advance Strategic Arrangement and Continue to Expand Route
Network
In the first half of 2018, the Company newly launched (resumed
routes included) 28 domestic and international routes, comprising
21 domestic and 7 international routes. As for the Beijing Hub, the
Company launched international routes of Beijing-Barcelona, Beijing-Houston-Panama, Beijing-Copenhagen, Beijing-Hanoi, etc.; as at the end of the Period, the
Company launched around 30 direct routes from Beijing to the countries along the Belt and
Road. The capacity of Beijing as
one of the key bases increased by 6.8% year-on-year by optimizing
the capacity deployment structure of the Beijing Hub and increasing
the deployment of wide-body aircraft for key routes departing from
Beijing. The Group delivered
through check-in baggage services on routes from 19 European cities
to domestic destinations via Beijing. As at the end of June 2018, this service has covered 35 waypoints
in Europe, America and
Australia; the number of O&D
connected in the Beijing Hub increased to 6,050 from 5,918 as at
the end of 2017; the onward transit products of the Beijing Hub
were promoted and the passengers transfer services were enhanced.
The number of onward transit passengers via Beijing increased by 25.4% year on year. The
Chengdu International Hub launched new international and domestic
routes such as Chengdu-Bangkok,
Chengdu-Huai'an and Chengdu-Hotan, and the capacity contributed
increased by 10.3% year-on-year. Shanghai and Shenzhen international gateways have
continuously improved the planning of route network and deployment
of wide-body aircraft through interconnection with surrounding
areas. In addition, the quadrilateral strategic layout has been
continuously optimized and the route network has been further
developed as the Company launched new international and domestic
routes such as Hangzhou-Nha
Trang, Dalian-Shijiazhuang- Yinchuan, and Hangzhou-Xi'an-Karamay.
As at the end of June 2018, 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.
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SOURCE Air China