Investment Rating - The industry investment rating is "Positive" [4] Core Insights - The domestic airline industry has shown a significant improvement in passenger load factors during the off-peak season, with a year-on-year increase of approximately 3.2% in April [2][28] - Spring Airlines has notably increased its capacity for domestic routes, with a year-on-year growth of 11.2% in April, indicating a strategic shift in focus towards domestic operations [2][20] - The overall capacity for domestic routes increased by 2.3% year-on-year, while international routes saw a substantial capacity increase of 26.5% year-on-year, primarily due to a low base from the previous year [3][50] Summary by Sections Domestic Routes - In April, the overall capacity for domestic routes among listed airlines remained stable compared to March, with a year-on-year increase of 2.3% [12][17] - Major airlines showed little change in capacity, but Spring Airlines significantly increased its domestic capacity, while Juneyao Airlines reduced its domestic capacity by 10.3% due to a shift towards international routes [2][13] - The overall passenger load factor for domestic routes improved by 0.8 percentage points month-on-month and by approximately 3.2 percentage points year-on-year, indicating a better supply-demand relationship [28][35] International Routes - The capacity for international routes increased by about 26.5% year-on-year in April, with a month-on-month increase of 3.6% [3][50] - The passenger load factor for international routes improved by 1.4 percentage points month-on-month and by 1.0 percentage point year-on-year, slightly exceeding expectations [3][50] - The report maintains a cautious outlook for international routes, anticipating continued pressure due to supply constraints from domestic route management [3][50] Airport Throughput - Major airports reported significant year-on-year increases in international passenger throughput, with Shanghai and Shenzhen airports showing growth rates of 24% and 38%, respectively [58][63] - Compared to 2019, international throughput at these airports has also shown recovery, with Shenzhen airport achieving 120% of its 2019 levels [58][63]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00753） 二零二五年四月的主要營運數據公告 隨附公告（「上交所公告」）乃由中國國際航空股份有限公司（「中國國航」）於二零二五年五 月十五日在上海證券交易所刊發，其中載有中國國航及其附屬公司（統稱「本集團」）二零 二五年四月的合併營運數據。本公告附上上交所公告乃由中國國航根據香港聯合交易所 有限公司證券上市規則（「上市規則」）第13.09條及第13.10B條，以及香港法例第571章證 券及期貨條例第XIVA部項下之內幕消息條文（定義見上市規則）而作出。 隨附上交所公告載列的數據來自本集團內部統計，可能與相關期間定期報告披露的數據 有差異。投資者應注意不恰當信賴或使用以上信息可能造成投資風險。 中國北京，二零二五年五月十五日 於本公告日期，本公司的董事為馬崇賢先生、王明遠先生、崔曉峰先生、Patrick Healy （賀以禮）先生、肖鵬先生、徐念沙 ...

证券代码：601111 股票简称：中国国航 公告编号：2025-022 中国国际航空股份有限公司 2025年4月主要运营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025 年 4 月，中国国际航空股份有限公司（以下简称"本公司"）及所属 子公司（以下简称"本集团"）合并旅客周转量（按收入客公里计）同比上升。 客运运力投入（按可用座位公里计）同比上升 5.3%，旅客周转量同比上升 8.6%。 其中，国内客运运力投入同比上升 1.2%，旅客周转量同比上升 6.5%；国际客运 运力投入同比上升 17.2%，旅客周转量同比上升 15.6%；地区客运运力投入同比 下降 2.8%，旅客周转量同比下降 2.0%。平均客座率 81.3%，同比上升 2.5 个百 分点。其中，国内航线同比上升 4.2 个百分点，国际航线同比下降 1.0 个百分点， 地区航线同比上升 0.6 个百分点。 货运方面，货运运力投入（按可用货运吨公里计）同比上升 8.7%，货邮周 转量（按收入货运吨公里计）同比上升 10.3%。货运载运率为 38.7%， ...

中国国航（601111）公告，2025年4月本集团合并旅客周转量(按收入客公里计)同比上升，客运运力投 入(按可用座位公里计)同比上升5.3%，旅客周转量同比上升8.6%。平均客座率81.3%，同比上升2.5个百 分点。货运方面，货运运力投入(按可用货运吨公里计)同比上升8.7%，货邮周转量(按收入货运吨公里 计)同比上升10.3%。货运载运率为38.7%，同比上升0.6个百分点。 ...

专题：新浪财经上市公司研究院 作者：昊 近期，7 家上市航空公司2024年年报陆续出炉。作为民航的核心业务，市场对各家航司的客运业务和整体运营效率情况颇为关注。 2024年，中国民航客运经济舱平均票价同比下降超过10%，国际客运航班的恢复率仅为疫情前的84%。此外，航空公司还需应对高铁竞争加剧、油价和汇率 波动等不利因素。 客座率是反映客运收入能力的收入客公里与反映客运运力供给规模的可用座位公里的比值，也是衡量航空公司客运业务效益的重要指标，反映了飞机座位的 利用程度。 在几家航司中，春秋航空以91.49%的客座率拔得头筹，显示出其强大的市场吸引力和高效的运营能力。吉祥航空和南方航空也表现不俗，客座率分别为 84.62%和84.38%，处于行业较高水平。 相比之下，华夏航空和中国国航的客座率均低于80%，分别为79.61%和79.85%，位列最末两位。 值得注意的是，华夏航空客座率较低可能与其航线布局有关，其更多专注于支线航空市场，支线市场客源相对分散，市场培育难度较大，导致客座率提升面 临挑战。 出品：新浪财经上市公司研究院 而中国国航作为大型航司，特别是今年一季度以80.2%的客座率，垫底各家航司，令市场 ...

本文陈述所有内容，皆有可靠来源赘述在文章结尾。 取材网络 中美航空巨头营收差距这么大吗? 如今25年过半，打开25年一季度的民航账本，美国航空125亿美元的营收数字格外扎眼，这换算下来可要有900亿人民币，作为全球航空业的老牌巨头，他们 的成绩单向来是行业风向标的重要参考。 反观我们在全球民用航空领域一样有着庞大的市场，可在看到我国航空巨头一季度的营收后，其情况却远远超出了我们的预料，这到底怎么回事？保持你的 好奇心，接下来让我们一起深入了解下中美航空巨头的详细对比。 取材网络 冰火两重天的开局 先看美国航空，125.51亿美元，换算成人民币差不多900亿，这个数字搁在全球民航业里，妥妥的第一梯队，但您要是觉得这就意味着赚得盆满钵满，那可 就错了。 美国航空表面风光的背后，是3.86亿美元的净亏损，而且这个亏损幅度同比扩大了 71%，啥概念呢？相当于每天一睁眼，就亏出去 400 多万美元。 取材网络 再来看其同行，达美航空同期净利润2.4亿美元，赚得那叫一个稳当，可美联航就没这么好运了，因为波音737MAX9的事故，单季亏损1.24亿美元。 这种情况已经在说明美国航空业，老大的位置不是那么好坐的，头部企业之间 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 由於延遲股東週年大會，該公告中所披露的股東週年大會暫停辦理股份過戶登記期間（即 二零二五年五月二十一日（星期三）至二零二五年五月二十八日（星期三）（首尾兩日包括在 內）期間）及記錄日期（即二零二五年五月二十日（星期二）營業時間結束時）現予取消。更 新的暫停辦理股份過戶登記期間及記錄日期將與股東週年大會的經修訂日期一同公佈。 00753 - 1 - 延遲股東週年大會及取消暫停辦理股份過戶登記期間及記錄日期 茲提述中國國際航空股份有限公司（「本公司」）日期為二零二五年三月二十七日的二零二 四年年度業績公告（「該公告」）。除另有界定者外，本公告所用詞彙應與該公告所界定者 具有相同涵義。 延遲股東週年大會 誠如該公告所披露，本公司截至二零二四年十二月三十一日止年度之股東週年大會（「股 東週年大會」）原定於二零二五年五月二十八日（星期三）舉行。根據本公司實際工作安 排，本公司已決定延遲股東週年大會至今年六月（二零 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 00753 承董事會命 茲提述中國國際航空股份有限公司（「本公司」）日期為二零二五年三月二十七日的二零二 四年年度業績公告（「該公告」）。除另有界定者外，本公告所用詞彙應與該公告所界定者 具有相同涵義。 延遲股東週年大會 誠如該公告所披露，本公司截至二零二四年十二月三十一日止年度之股東週年大會（「股 東週年大會」）原定於二零二五年五月二十八日（星期三）舉行。根據本公司實際工作安 排，本公司已決定延遲股東週年大會至今年六月（二零二五年六月三十日或之前）（「延遲 股東週年大會」）。 取消股東週年大會暫停辦理股份過戶登記期間及記錄日期 中國國際航空股份有限公司 延遲股東週年大會及取消暫停辦理股份過戶登記期間及記錄日期 由於延遲股東週年大會，該公告中所披露的股東週年大會暫停辦理股份過戶登記期間（即 二零二五年五月二十一日（星期三）至二零二五年五月二十八日（星期三）（首尾兩日包括在 內）期間）及記錄日期（即二零二 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年4月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國國際航空股份有限公司 呈交日期: 2025年5月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00753 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,955,610,672 | RMB | | 1 | RMB | | 4,955,610,672 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 4,955,610,672 | RMB | | 1 | RMB | | 4,955,610,672 | ...

Financial Performance - Total revenue for Q1 2025 was RMB 40,023,324 thousand, a slight decrease of 0.11% compared to RMB 40,065,742 thousand in the same period last year[7] - Net profit attributable to shareholders was a loss of RMB 2,043,993 thousand, representing a decline of 22.07% from a loss of RMB 1,674,456 thousand year-on-year[7] - Basic and diluted earnings per share were both RMB -0.12, a decrease of 9.09% compared to RMB -0.11 in the same period last year[7] - The company reported a net loss of RMB 32,788,113 for the period ending March 31, 2025, compared to a net loss of RMB 30,744,120 for the same period in 2024[24] - Net profit for Q1 2025 was -2,535,241, compared to -2,001,897 in Q1 2024, indicating a worsening of approximately 26.6%[26] - The company reported a total comprehensive loss of -2,614,262 in Q1 2025, compared to -2,063,807 in Q1 2024, reflecting an increase in losses of about 26.7%[27] - Operating revenue for Q1 2025 was 23,876,695, a decrease of 2.14% compared to Q1 2024's 24,397,913[39] - Net profit for Q1 2025 was -2,156,781, compared to -1,874,550 in Q1 2024, indicating a worsening performance[39] - The company’s operating profit for Q1 2025 was -2,197,849, compared to -1,894,801 in Q1 2024, indicating continued operational challenges[39] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 11.33% to RMB 8,341,401 thousand from RMB 9,407,344 thousand in the previous year[7] - Cash flow from operating activities for Q1 2025 was 3,262,802, down 34.6% from 4,994,564 in Q1 2024[43] - Cash inflows from operating activities totaled 44,580,447 in Q1 2025, slightly lower than 44,716,587 in Q1 2024[30] - Cash and cash equivalents increased to RMB 23,305,212 as of March 31, 2025, from RMB 22,467,901 as of December 31, 2024, marking a growth of approximately 3.70%[21] - The total cash and cash equivalents at the end of Q1 2025 stood at RMB 21,771,862 thousand, slightly down from RMB 21,935,304 thousand at the end of Q1 2024[32] - The company reported a net increase in cash and cash equivalents of RMB 732,390 thousand in Q1 2025, compared to a significant increase of RMB 6,918,500 thousand in Q1 2024[32] Assets and Liabilities - Total assets at the end of the reporting period were RMB 345,163,318 thousand, down 0.18% from RMB 345,769,412 thousand at the end of the previous year[9] - The total liabilities as of March 31, 2025, were RMB 306,832,371, compared to RMB 304,824,203 as of December 31, 2024, representing an increase of approximately 0.66%[23] - Current assets decreased to RMB 16,568,932 thousand as of March 31, 2025, from RMB 17,354,179 thousand as of December 31, 2024, reflecting a decline of 4.5%[34] - Total non-current assets decreased to RMB 217,128,502 thousand as of March 31, 2025, from RMB 218,389,381 thousand as of December 31, 2024, a decrease of 0.6%[35] - Owner's equity decreased to RMB 49,144,037 thousand as of March 31, 2025, down from RMB 51,300,818 thousand as of December 31, 2024, a decline of 4.2%[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 151,206[15] - The largest shareholder, China National Aviation Holding Company, held 42.53% of the shares, with 854,700,854 shares frozen[17] - The major shareholders collectively hold 53.71% of the company's shares, with China Aviation Group being the largest shareholder[18] Operating Costs and Expenses - Total operating costs increased to 44,421,862 in Q1 2025 from 43,614,326 in Q1 2024, representing a year-over-year increase of approximately 1.84%[25] - The company incurred sales expenses of 1,741,182 in Q1 2025, marginally higher than 1,740,842 in Q1 2024[25] - Research and development expenses remained stable at 85,246 in Q1 2025 compared to 85,305 in Q1 2024[25] - Research and development expenses for Q1 2025 were 36,966, a slight decrease from 38,241 in Q1 2024[39] - Interest expenses for Q1 2025 were 875,749, down from 1,039,229 in Q1 2024, reflecting a reduction in financing costs[39] Investment Activities - Cash inflow from investment activities totaled RMB 509,314 thousand in Q1 2025, up from RMB 358,112 thousand in Q1 2024, representing an increase of 42.2%[31] - Cash outflow from investment activities increased significantly to RMB 4,723,565 thousand in Q1 2025 from RMB 2,868,384 thousand in Q1 2024, marking a rise of 64.5%[31] - The company reported a net cash outflow from investing activities of -3,045,555 in Q1 2025, compared to -1,798,943 in Q1 2024[43] Strategic Focus - The company continues to focus on expanding its market presence and enhancing its operational efficiency through strategic initiatives[19] - The total revenue for the first quarter of 2025 is yet to be disclosed, but the company is expected to provide guidance in the upcoming earnings call[24]