Zhi Tong Cai Jing·2025-09-15 13:44Core Viewpoint - China National Airlines (601111) (00753) reported an increase in passenger turnover volume and capacity for August 2025, indicating a positive trend in both domestic and international operations [1] Group 1: Passenger Operations - The group's passenger turnover volume (measured in revenue passenger kilometers) increased by 3.2% year-on-year [1] - Passenger capacity (measured in available seat kilometers) rose by 2.3% year-on-year [1] - Domestic passenger capacity decreased by 1.2%, while passenger turnover remained flat [1] - International passenger capacity increased by 12.6%, with passenger turnover rising by 12.9% [1] - Regional passenger capacity fell by 5.7%, and passenger turnover decreased by 2.2% [1] - The average passenger load factor was 83.7%, up by 0.8 percentage points year-on-year [1] - Domestic routes saw a load factor increase of 1.1 percentage points, international routes increased by 0.2 percentage points, and regional routes rose by 2.9 percentage points [1] Group 2: Cargo Operations - Cargo capacity (measured in available cargo ton kilometers) increased by 1.5% year-on-year [1] - Cargo and mail turnover (measured in revenue cargo ton kilometers) rose by 10.2% year-on-year [1] - The cargo load factor was 42.1%, up by 3.3 percentage points year-on-year [1] Group 3: Fleet Expansion - In August 2025, the group introduced 3 A320 series aircraft and 3 B737 series aircraft [1] - As of the end of August 2025, the group operated a total of 941 aircraft, including 419 owned, 228 under finance leases, and 294 under operating leases [1]