Air China (601111.SH): Passenger turnover increased 20% year-on-year in September

According to the Zhitong Finance App, Air China (601111.SH) announced that in September 2024, the combined passenger turnover of the company and its subsidiaries (in kilometers of revenue) increased year-on-year. Passenger capacity investment (based on available seat kilometers) increased 11.8% year over year, and passenger turnover increased 20.0% year over year. Among them, domestic passenger capacity investment decreased 0.1% year on year, passenger turnover increased 8.5% year on year; international passenger capacity investment increased 55.4% year on year, passenger turnover increased 65.4% year on year; regional passenger capacity investment increased 24.8% year on year, and passenger turnover increased 28.3% year on year. The average occupancy rate was 79.7%, up 5.5 percentage points from the previous year. Among them, domestic routes increased 6.5 percentage points year over year, international routes increased 4.5 percentage points year over year, and regional routes increased 1.9 percentage points year over year.