智通财经网·2025-12-15 13:25Core Viewpoint - China National Airlines (00753) reported an increase in passenger turnover and capacity for November 2025, indicating positive growth trends in both domestic and international markets [1] Group 1: Passenger Operations - The combined passenger turnover (measured in revenue passenger kilometers) increased by 10.1% year-on-year [1] - Passenger capacity (measured in available seat kilometers) rose by 4.9% year-on-year [1] - Domestic passenger capacity increased by 3.9%, with a turnover rise of 7.5% [1] - International passenger capacity saw an 8.1% increase, with a turnover growth of 17.4% [1] - Regional passenger capacity decreased by 3.5%, while turnover increased by 3.0% [1] - The average passenger load factor reached 83.3%, up by 4.0 percentage points year-on-year [1] - Domestic routes saw a load factor increase of 2.9 percentage points, international routes increased by 6.4 percentage points, and regional routes rose by 4.9 percentage points [1] Group 2: Cargo Operations - Cargo capacity (measured in available cargo ton kilometers) increased by 1.4% year-on-year [1] - Cargo turnover (measured in revenue cargo ton kilometers) rose by 4.4% year-on-year [1] - The cargo load factor was 39.5%, up by 1.1 percentage points year-on-year [1] Group 3: Fleet Expansion - In November 2025, the group introduced 5 A320 series aircraft and 2 C919 aircraft [1] - As of the end of November 2025, the group operated a total of 956 aircraft, including 419 owned, 243 under finance leases, and 294 under operating leases [1]