Zhi Tong Cai Jing·2025-11-17 13:15Core Insights - China National Airlines (CNA) reported an increase in passenger turnover volume by 8.7% year-on-year, measured in revenue passenger kilometers, for October 2025 [1] - The average passenger load factor improved to 85.3%, up by 3.4 percentage points year-on-year [1] Group 1: Passenger Operations - Passenger capacity input, measured in available seat kilometers, increased by 4.3% year-on-year [1] - Domestic passenger capacity input rose by 3.2%, with a corresponding turnover increase of 5.5% [1] - International passenger capacity input grew by 7.5%, leading to a significant turnover increase of 17.6% [1] - Regional passenger capacity input saw a 0.6% increase, with a turnover rise of 7.7% [1] - Load factors improved across all segments: domestic routes up by 2.0 percentage points, international routes up by 7.0 percentage points, and regional routes up 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, measured in revenue cargo ton kilometers, increased by 3.1% [1] - Cargo load factor improved to 38.9%, up by 1.5 percentage points year-on-year [1] Group 3: Fleet and Routes - The company introduced 4 A320 series aircraft and 1 B737 series aircraft, while retiring 1 A330 series and 1 A320 series aircraft as of October 2025 [2] - The total fleet size reached 949 aircraft, comprising 417 owned, 238 financed leased, and 294 operating leased [2] - New routes added include Hangzhou-Hanoi, Beijing Capital-Panzhihua, Beijing Capital-Xishuangbanna, Hangzhou-Zhuhai, Chengdu Tianfu-Wuhan-Quzhou, Hohhot-Yinchuan-Chengdu Tianfu, and Hangzhou-Hohhot-Ulanhot, with varying frequencies [1]