Zheng Quan Shi Bao Wang·2025-11-17 08:52Core Insights - China National Airlines (601111) reported an increase in passenger turnover volume (measured in revenue passenger kilometers) for October 2025 compared to the previous year [1] Group 1: Passenger Operations - The company's passenger capacity input (measured in available seat kilometers) increased by 4.3% year-on-year [1] - Overall passenger turnover volume rose by 8.7% year-on-year [1] - Domestic passenger capacity input increased by 3.2%, with a corresponding passenger turnover volume increase of 5.5% [1] - International passenger capacity input saw a 7.5% increase, leading to a 17.6% rise in passenger turnover volume [1] - Regional passenger capacity input grew by 0.6%, with a 7.7% increase in passenger turnover volume [1] - The average passenger load factor reached 85.3%, up by 3.4 percentage points year-on-year [1] - Domestic routes experienced a 2.0 percentage point increase in load factor, while international routes saw a 7.0 percentage point increase, and regional routes increased by 5.0 percentage points [1] Group 2: Cargo Operations - Cargo capacity input (measured in available cargo ton kilometers) decreased by 0.9% year-on-year [1] - Cargo and mail turnover volume (measured in revenue cargo ton kilometers) increased by 3.1% year-on-year [1] - The cargo load factor was reported at 38.9%, which is an increase of 1.5 percentage points year-on-year [1]