中国国航：2月旅客周转量同比上升19.1%

Core Viewpoint - China National Airlines (601111.SH) reported significant growth in passenger turnover and capacity for February 2026, indicating a strong recovery in the aviation sector post-pandemic [1] Group 1: Operational Data - The consolidated passenger turnover (measured in revenue passenger kilometers) increased year-on-year [1] - Passenger capacity (measured in available seat kilometers) rose by 13.8% year-on-year, while passenger turnover grew by 19.1% [1] Group 2: Domestic and International Performance - Domestic passenger capacity increased by 13.3%, with passenger turnover rising by 16.9% [1] - International passenger capacity saw a 14.0% increase, with passenger turnover up by 23.7% [1] - Regional passenger capacity surged by 25.4%, with passenger turnover increasing by 37.1% [1] Group 3: Average Load Factor - The average load factor reached 85.9%, an increase of 3.8 percentage points year-on-year [1] - Domestic routes experienced a load factor increase of 2.7 percentage points [1] - International routes saw a load factor increase of 6.5 percentage points, while regional routes increased by 6.8 percentage points [1]