Air China: management discussion of Nov-2009 operating data
Passenger capacity, measured by Available Seat Kilometers (ASK), rose by 7.6% year-over-year during the month.
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.
In November, the Company made the following adjustments to jet fuel surcharges:
Effective Date (Based on ticket issue date) |
Route |
Previous Rate (per head per sector) |
New rate (per head per sector) |
November 4 |
USD10 |
USD14 |
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.
Refer to full documentation in attachments box, located at the top left, below the headline.
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