Air China : ANNOUNCEMENT ON KEY OPERATING DATA OF DECEMBER 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00753)

ANNOUNCEMENT ON KEY OPERATING DATA OF DECEMBER 2020

The enclosed announcement (the "SSE Announcement") was published by Air China Limited ("Air China") on the Shanghai Stock Exchange on 15 January 2021, which contains combined operating data for December 2020 for Air China and its subsidiaries (collectively, the "Group"). This announcement enclosing the SSE Announcement is made by Air China pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The data in the enclosed SSE Announcement was calculated based on the internal statistics of the Group, which may differ from the data disclosed in the relative periodic reports. Investors are hereby reminded of the risks which may result from inappropriate reliance upon or utilization of the information given above.

By Order of the Board

Air China Limited

Zhou Feng

Company Secretary

Beijing, the PRC, 15 January 2021

As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. Feng Gang, Mr. Patrick Healy, Mr. Xue Yasong, Mr. Wang Xiaokang*, Mr. Duan Hongyi*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.

• Independent non-executive director of the Company

- 1 -

SSE ANNOUNCEMENT

The SSE Announcement is written in Chinese, with no official English translation. The English translation is provided solely for reference only. In case of any discrepancy between the two versions, the Chinese version shall prevail. The full version of the SSE Announcement is as follows:

AIR CHINA LIMITED

ANNOUNCEMENT ON KEY OPERATING DATA OF DECEMBER 2020

In December 2020, Air China Limited (the "Company"), and its subsidiaries (the "Group") recorded a year-on-year decrease of 37.2% and a month-on-month decrease of 3.6% in passenger capacity (measured by available seat kilometers (the "ASK")). Passenger traffic (measured by revenue passenger kilometers (the "RPK")) recorded a year-on-year decrease of 46.3% and a month-on-month decrease of 9.7%. For domestic routes, passenger capacity recorded a year-on-year increase of 1.3% and a month-on-month decrease of 3.5%; passenger traffic recorded a year-on-year decrease of 12.7% and a month-on-month decrease of 9.9%. For international routes, passenger capacity recorded a year-on-year decrease of 94.9% and a month-on-month decrease of 13.1%; passenger traffic recorded a year-on-year decrease of 97.2% and a month-on-month decrease of 10.7%. For regional routes, passenger capacity recorded

1. year-on-yeardecrease of 76.5% and a month-on-month increase of 9.6%; passenger traffic recorded a year-on-year decrease of 82.5% and a month-on-month increase of 26.0%. The overall passenger load factor was 67.6%, representing a year-on-year decrease of 11.3 percentage points and a month-on- month decrease of 4.5 percentage points. The passenger load factor for domestic routes decreased by 11.0 percentage points year on year and 4.9 percentage points month on month, and for international routes decreased by 35.4 percentage points year on year and increased by 1.2 percentage points month on month, and the passenger load factor for regional routes decreased by 18.6 percentage points year on year and increased by 7.2 percentage points month on month.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) increased by 0.1% year on year. Cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) decreased by 12.6% year on year. The cargo load factor was 37.2%, representing a year-on-year decrease of 5.4 percentage points and a month-on-month increase of 0.8 percentage point.

In December 2020, the Group introduced two A321 NEO aircraft and two A350 aircraft. As at the end of December 2020, the Group operated a fleet of 708 aircraft, including 293 self-owned aircraft, 212 aircraft under finance lease and 203 aircraft under operating lease.

- 2 -

The following table sets forth key operating data for December 2020:

					Year-
		Year-	Month-		on-Year
		on-Year	on-Month		Cumulative
	December	Change	Change	Cumulative	Change
	2020	(%)1	(%)1	2020	(%)1
I. Capacity
1. ATK (in million)2	2,327.2	-26.1	-9.6	23,682.5	-35.9
Domestic	1,748.3	2.2	-4.4	15,562.3	-19.4
International	551.2	-59.1	-23.4	7,843.4	-52.0
Regional	27.7	-70.3	9.3	276.7	-78.4
2. ASK (in million)3	15,329.5	-37.2	-3.6	156,062.2	-45.8
Domestic	14,672.1	1.3	-3.5	135,551.9	-19.2
International	467.9	-94.9	-13.1	18,643.4	-82.9
Regional	189.6	-76.5	9.6	1,866.9	-82.7
3. AFTK (in million)4	946.1	0.1	-17.1	9,631.3	-12.1
Domestic	428.2	5.2	-7.2	3,374.0	-20.1
International	509.0	-2.6	-24.2	6,161.2	-4.8
Regional	8.9	-44.6	8.6	96.1	-62.7
II. Traffic
1. RTK (in million)5	1,278.3	-39.6	-11.3	13,282.8	-47.6
Domestic	1,028.3	-12.3	-8.9	9,840.3	-28.5
International	236.7	-73.3	-21.7	3,322.6	-69.1
Regional	13.3	-78.0	18.2	119.9	-86.0
2. RPK (in million)6	10,360.5	-46.3	-9.7	109,832.5	-52.9
Domestic	10,055.2	-12.7	-9.9	97,120.3	-29.7
International	201.2	-97.2	-10.7	11,753.5	-86.4
Regional	104.1	-82.5	26.0	958.7	-88.5
3. RFTK (in million)7	351.5	-12.6	-15.3	3,555.5	-25.6
Domestic	129.7	-10.5	0.0	1,229.4	-21.0
International	218.9	-13.7	-22.5	2,298.0	-27.1
Regional	2.9	-23.3	-3.3	28.1	-61.2

- 3 -

					Year-
		Year-	Month-		on-Year
		on-Year	on-Month		Cumulative
	December	Change	Change	Cumulative	Change
	2020	(%)1	(%)1	2020	(%)1
4. Number of Passengers
Carried (in thousand)	6,789.8	-28.5	-10.1	68,691.5	-40.3
Domestic	6,690.4	-12.5	-10.4	65,838.8	-28.9
International	35.7	-97.6	-5.1	2,241.6	-86.9
Regional	63.7	-83.2	24.7	611.2	-88.6
5. Total Cargo and Mail
carried (in tonnes)	114,545.3	-11.4	-5.4	1,113,375.3	-22.4
Domestic	81,728.3	-9.7	0.1	776,623.3	-19.1
International	30,881.7	-14.8	-17.5	317,254.9	-26.2
Regional	1,935.4	-25.5	-5.6	19,497.1	-56.4
III. Load Factor
1. Passenger Load Factor
(%)8	67.6	-11.3	-4.5	70.4	-10.6
Domestic	68.5	-11.0	-4.9	71.6	-10.8
International	43.0	-35.4	1.2	63.0	-16.2
Regional	54.9	-18.6	7.2	51.4	-26.2
2. Cargo and Mail Load
Factor (%)9	37.2	-5.4	0.8	36.9	-6.7
Domestic	30.3	-5.3	2.2	36.4	-0.4
International	43.0	-5.5	0.9	37.3	-11.4
Regional	32.5	9.0	-4.0	29.3	1.1
3. Overall Load Factor
(%)10	54.9	-12.3	-1.1	56.1	-12.6
Domestic	58.8	-9.7	-2.9	63.2	-8.0
International	43.0	-22.8	0.9	42.4	-23.5
Regional	47.9	-16.6	3.6	43.3	-23.4

- 4 -