EX-99.1 2 d20712dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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ANNOUNCEMENT ON KEY OPERATING DATA

 

This announcement is made regarding the operating data for September 2020 of the Group to be published on the Shanghai Stock Exchange and pursuant to Part XIVA of the Securities and Futures Ordinance.

 

The relevant key operating data was calculated based on the internal statistics of the Group, which may differ from the data disclosed in the relative periodic reports. Investors are hereby reminded of the risks which may result from inappropriate reliance upon or utilization of the relevant information.

 

This announcement is made regarding the operating data for September 2020 of China Southern Airlines Company Limited (the “Company”) and its subsidiaries (collectively, the “Group”) to be published on the Shanghai Stock Exchange and pursuant to Part XIVA of the Securities and Futures Ordinance.

In September 2020, passenger capacity (measured by available seat kilometres (“ASK”)) of the Group decreased by 23.67% as compared to the same period last year (a year-on-year (“YoY”) basis). Of which, passenger capacity for domestic routes increased by 6.55%, and for regional and international routes decreased by 92.25% and 89.88%, respectively as compared to the same period last year. Compared to the same period last year, passenger traffic (measured by revenue passenger kilometres (“RPK”)) decreased by 27.53%. Of which, passenger traffic for domestic routes increased by 1.63%, and for regional and international routes decreased by 96.18% and 92.72%, respectively as compared to the same period last year. The passenger load factor was 77.60%, representing a decrease of 4.14 percentage points as compared to the same period last year. Of which, the passenger load factor for domestic, regional and international routes decreased by 3.80, 35.04 and 22.75 percentage points, respectively, as compared to the same period last year.

In terms of cargo operations, in September 2020, cargo capacity (measured by available tonne kilometers (“ATK”) - Cargo and Mail) increased by 0.97% as compared to the same period last year. Cargo and mail traffic (measured by revenue tonne kilometres (“RTK”) - Cargo and Mail) decreased by 1.05% as compared to the same period last year. The cargo and mail load factor was 50.59%, representing a decrease of 1.04 percentage points as compared to the same period last year.

 

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In September 2020, the Group has newly launched the following major routes: Shenzhen-Taiyuan-Shenzhen, Xiamen-Nanjing-Shenyang-Nanjing-Xiamen (each seven flights per week).

In September 2020, the Group introduced two A321NEO aircraft and terminated the lease of one EMB190 aircraft. As of the end of September 2020, the Group operated a fleet of 854 aircraft as set out below:

 

Aircraft Model

   Self-owned      Finance Lease      Operating Lease      Subtotal  

Airbus 380 Series

     4        1        0        5  

Airbus 350 Series

     0        6        0        6  

Airbus 330 Series

     4        29        13        46  

Airbus 320 Series

     95        100        116        311  

Boeing 787 Series

     4        25        8        37  

Boeing 777 Series

     8        21        0        29  

Boeing 737 Series

     156        82        163        401  

Boeing 747 Series

     2        0        0        2  

EMB190 Series

     6        0        8        14  

ARJ21 Series

     1        2        0        3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     280        266        308        854  
  

 

 

    

 

 

    

 

 

    

 

 

 

KEY OPERATION DATA OF SEPTEMBER 2020

 

Traffic

   September 2020      Cumulative 2020  
   Amount      Month-on-
Month
(“MoM”)
Change
(%)
     YoY
Change
(%)
     Amount      YoY Change
(%)
 

RPK (in million)

 

Domestic

     16,609.03        12.96        1.63        91,479.47        -37.35  

Regional

     8.16        77.39        -96.18        203.93        -92.32  

International

     515.96        11.32        -92.72        11,767.10        -81.96  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     17,133.15        12.92        -27.53        103,450.50        -51.64  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

RTK (in million)

 

Domestic

     1,631.80        17.30        0.33        9,009.42        -35.91  

Regional

     1.54        212.00        -92.77        23.98        -90.50  

International

     568.29        4.60        -49.87        5,290.13        -47.03  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     2,201.63        13.79        -20.84        14,323.53        -41.05  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

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RTK - Cargo and Mail (in million)

 

Domestic

     148.34        34.64        -13.16        953.77        -23.66  

Regional

     0.81        794.05        -63.38        6.20        -68.28  

International

     522.54        4.03        3.31        4,267.03        -0.47  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     671.69        9.65        -1.05        5,227.01        -5.92  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Passengers carried (in thousand)

 

Domestic

     11,096.80        8.23        2.51        61,581.27        -36.04  

Regional

     7.95        84.67        -95.04        180.31        -90.96  

International

     80.84        9.95        -95.21        2,516.41        -83.60  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     11,185.58        8.28        -11.73        64,277.99        -43.43  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Cargo and mail carried (in thousand tonnes)

 

Domestic

     90.86        31.59        -12.96        583.31        -23.88  

Regional

     0.83        919.68        -58.72        5.99        -65.41  

International

     55.38        5.75        -7.84        462.67        -7.46  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     147.07        21.05        -11.67        1,051.97        -18.04  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Capacity

   September 2020      Cumulative 2020  
   Amount      MoM
Change
(%)
     YoY
Change
(%)
     Amount      YoY Change
(%)
 

ASK (in million)

 

Domestic

     21,169.71        6.29        6.55        128,703.03        -26.81  

Regional

     23.91        164.02        -92.25        429.10        -87.68  

International

     885.73        10.37        -89.88        17,757.11        -77.34  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     22,079.35        6.51        -23.67        146,889.24        -43.00  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

ATK (in million)

 

Domestic

     2,429.01        6.09        6.88        14,547.56        -27.01  

Regional

     3.28        220.61        -91.14        54.76        -86.42  

International

     882.44        5.17        -45.14        8,909.78        -37.37  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     3,314.74        5.91        -15.40        23,512.10        -31.97  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

ATK - Cargo and Mail (in million)

 

Domestic

     523.74        5.39        8.10        2,964.29        -27.76  

Regional

     1.13        441.84        -87.84        16.14        -82.02  

International

     802.73        4.68        -2.23        7,311.64        1.91  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,327.60        5.03        0.97        10,292.07        -9.47  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

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Load Factor

   September 2020      Cumulative 2020  
   Figure
(%)
     MoM
Change
(Percentage
Points)
     YoY
Change
(Percentage
Points)
     Figure
(%)
     YoY Change
(Percentage
Points)
 

Passenger Load Factor (RPK/ASK)

 

Domestic

     78.46        4.64        -3.80        71.08        -11.95  

Regional

     34.11        -16.66        -35.04        47.52        -28.72  

International

     58.25        0.50        -22.75        66.27        -17.00  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     77.60        4.41        -4.14        70.43        -12.58  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Cargo and Mail Load Factor

 

Domestic

     28.32        6.15        -6.94        32.18        1.73  

Regional

     71.86        28.31        48.00        38.43        16.64  

International

     65.10        -0.40        3.49        58.36        -1.39  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     50.59        2.13        -1.04        50.79        1.91  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Overall Load Factor (RTK/ATK)

 

Domestic

     67.18        6.42        -4.38        61.93        -8.60  

Regional

     46.84        -1.29        -10.54        43.80        -18.81  

International

     64.40        -0.35        -6.08        59.37        -10.82  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     66.42        4.60        -4.56        60.92        -9.38  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Notes:

 

  1.

“RPK(s)” refers to the number of passengers carried multiplied by the kilometers flown;

 

  2.

“RTK(s)” refers to the load (passenger and cargo) in tonnes multiplied by the kilometers flown;

 

  3.

“RTK(s) - Cargo and Mail” refers to the cargo and mail load in tonnes multiplied by the kilometers flown;

 

  4.

“ASK(s)” refers to the number of seats available for sale multiplied by the kilometers flown;

 

  5.

“ATK(s)” refers to the number of tonnes of capacity available for transportation multiplied by the kilometers flown;

 

  6.

“ATK(s) - Cargo and Mail” refers to the number of tonnes of capacity available for the carriage of cargo and mail multiplied by the kilometers flown;

 

  7.

“Passenger Load Factor” refers to RPK expressed as a percentage of ASK;

 

  8.

“Cargo and Mail Load Factor” refers to RTK- Cargo and Mail expressed as a percentage of ATK—Cargo and Mail;

 

  9.

“Overall Load Factor” refers to RTK expressed as a percentage of ATK.

The key operating data above was calculated based on the internal statistics of the Group, which may differ from the data disclosed in the relative periodic reports. Investors are hereby reminded of the risks which may result from inappropriate reliance upon or utilization of the information given above.

 

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In the first three quarters of 2020, affected by the COVID-19 pandemic, the global aviation industry has experienced severe challenges. With the gradual stabilization of the domestic pandemic control situation, domestic’s civil aviation is showing a steady recovery and development trend, however, due to the impact of the overseas pandemic, the scale of passenger transportation on international routes continues to remain low. In the face of unprecedented difficulties, the Group is taking pandemic prevention and control as part of its normal operations. On one hand, the Group has been strengthening its cost control to make every effort to reduce the losses caused by the pandemic and actively seek policy support and, on the other hand, seizing market opportunities to adopt various measures to increase passenger and freight revenue, and to help the Company survive the pandemic smoothly. In view of the huge losses caused by the pandemic to the aviation industry and the global economy, it is expected that the operating results of the Group in the first three quarters of 2020 will be materially and adversely affected. Investors are advised to pay attention to investment risks.

 

  

By order of the Board

China Southern Airlines Company Limited

Xie Bing

Company Secretary

Guangzhou, the People’s Republic of China

13 October 2020

As at the date of this announcement, the Directors include Wang Chang Shun, Ma Xu Lun and Han Wen Sheng as executive Directors; and Zheng Fan, Gu Hui Zhong, Tan Jin Song and Jiao Shu Ge as independent non-executive Directors.

 

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