Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-05-15 23:05Core Points - The company reported significant growth in operational metrics for April 2025, including a 10.32% increase in passenger capacity and a 10.33% increase in revenue passenger kilometers [2] - The company introduced new international routes, enhancing its service offerings [2] - The company provided guarantees for its subsidiary, Yunnan Xiangpeng Airlines, to support its financing needs [4][8] Operational Data Summary - In April 2025, the company added one A321 aircraft while retiring several others, resulting in a total fleet of 347 aircraft [2] - Passenger capacity (available seat kilometers) increased by 10.32% year-on-year, while revenue passenger kilometers rose by 10.33% [2] - International passenger traffic surged by 65.45%, with a slight increase in international load factor by 0.94 percentage points [2] - Cargo and mail transport volume grew by 23.20%, with cargo load factor increasing by 9.94 percentage points and cargo revenue ton kilometers up by 41.04% [2] New Route Introductions - The company launched new routes including Haikou to Osaka (three flights per week), Beijing to Tel Aviv (two flights per week), and Chongqing to Bangkok (three flights per week) starting in April 2025 [2] Guarantee Details - The company plans to provide guarantees for Yunnan Xiangpeng Airlines amounting to up to 1.5 billion RMB and 0.6 million USD for two leasing contracts [4] - As of the announcement date, the total guarantees provided to Yunnan Xiangpeng Airlines amounted to 20.72 billion RMB [8] - The company has a total external guarantee balance of 24.51 billion RMB, which exceeds 107.83% of its audited net assets for 2024 [20]