Question 13 1 pts 13. What is the domestic freight yield in Chinese Yuan for China Southern Airlines over the 6 months to June 2020? O 1.41 0.44 4.55 None of the above. The following data is obtained from the Interim report of China Southern Airlines over the 6 months to June 2020. Metric 6 months to June 2020 value RPK (m) Domestic 47,274.96 Hong Kong, Macau and Taiwan 184.20 International 10,399.67 Total 57,858.83 RTK (m) Domestic Hong Kong, Macau and Taiwan International Total 4,748.33 20.79 3,613.98 8,383.09 RPTK (m) Domestic Hong Kong, Macau and Taiwan International Total 4,161.00 16.05 909.09 5,079.14 PAX ('000) Domestic Hong Kong, Macau and Taiwan International Total 31,261.46 161.45 2,301.25 33,724.17 Cargo and Mail Carried ('000 tonnes) Domestic Hong Kong, Macau and Taiwan International Total 356.71 4.52 299.38 660.62 ASK (m) Domestic Hong Kong, Macau and Taiwan International Total 69,940.9 376.59 15,441.2 85,758.69 ATK (m) Domestic Hong Kong, Macau and Taiwan International Total 7,812.05 47.89 6,257.42 14,117.37 Passenger Yield per RPK (RMB) Domestic Hong Kong, Macau and Taiwan International Total 0.44 0.94 0.75 0.50 Freight Yield per RFTK (RMB) Domestic Hong Kong, Macau and Taiwan International Total 1.41 10.13 2.50 2.32 Total Yield per RTK (RMB) Domestic Hong Kong, Macau and Taiwan International Total 4.55 10.68 4.05 4.35 Operating cost per ATK (RMB) 3.37 528.32 Kilometres Flown (m) Hours Flown ('000) Domestic Hong Kong, Macau and Taiwan International Total 670.98 3.44 145.88 820.30 Number of Flights ('000) Domestic Hong Kong, Macau and Taiwan International Total 288.15 1.86 23.45 313.46 Airline Metrics Formulae Summary Note. Always check units, which might require further conversion (e.g., tonnes, kg, km, miles, US gals, litres, barrels etc...). APTK = ATK - AFTK APTK - APW X ASK RPTK APW X RPK APTK = Passenger Seat Factor Passenger Seat Factor APTK APW = ASK RPTK x 1000 APW (kg) = RPK ASK = SEATS X PASL ASK = Average Seat Count > Flights X PASL ATK = APTK + AFTK ASK ATK Average Product of Fuel or Fuel Consumption Fuel Consumption ASK Average Product of Labour FTE ATK Average Product of Labour = FTE ASK ATK Average Product of Labour=; or HOURS HOURS Seats Carried PAX Carried x ASK Average Seat Count Flights RPK x Number of Flights AVR = Average Flight Time Cost per ASK BESF (%) - Passenger Yield Total Operating Cost CASK = ASK NFCATK (CATK ex Fuel) Total Operating Cost Excluding Fuel ATK Total Operating Cost CATK = ATK OTD (%) = OnTime Departures x 100 Sectors Flown EBIT = Operating Revenue - Operating Cost EBITDAR = EBIT + Depreciation + Amortisation + Rentals OnTime Arrivals OTA (%) = x 100 Sectors Flown RFTK RFTK FASL = FRT "Cargo Carried OTP (%) = OnTime Departures + OnTime Arrivals x 100 Sectors Flown Block Hours Fleet Productivity - Fleet Units X Number of Days OTP check to see if provided sectors flown data needs to be multiplied by 2. ASK Fleet Productivity = Fleet Units X Number of Days RPK PASL = PAX ATK Fleet Productivity - Fleet Units x Number of Days Passenger Yield Passenger Revenue PAX x Avg Airfare Avg Airfare PAX X PASL PASL RPK PAT = PBT - Tax expense RFTK FLF = AFTK PAX = Number of passengers carried on a single leg Freight Revenue Freight Yield = RFTK PBT = EBIT + interest income - interest costs - other net nonoperating costs Passenger Revenue PRASK = = Passenger Yield x Passenger Seat Factor ASK FRT = number of tonnes of freight carried over a single leg (cargo carried). FTE = Full-time employees + Casual Employees * CAvg Weekly Hours Full-Time Employees) ( Avg Weekly Hours Casual Employees Jet Fuel Consumption in Gallons = 42 X Fuel Consumption in Barrels Passenger Revenue XPSF PRASK = RPK Profit = (Passenger Yield x RPK) - (Cost per ASK X ASK) Jet Fuel Consumption in Barrels = Fuel Consumption in Metric Tonnes - 7.93 Jet Fuel Consumption in Barrels = 10+ 0.1 X ASK + 2.5 x PSF RPK PSF = ASK Jet Fuel Costs = PJET X Exchange Rate X Fuel Consumption PAX PSF - SEATS Exchange Rate = 0.5-0.034 X PJET - 0.025 X Interest Rate PSF = Sometimes referred to as Load Factor (%) in airline data tables and/or reports. HOURS (Block) = MOV X AVR Time - 2 Total Revenue RASK = ASK MOV = aircraft movements (represents a take-off or landing of an aircraft) Total Operating Cost Excluding Fuel NFCASK (CASK ex Fuel) = ASK Sectors Flown Sectors Flown Reliability (%) - Sectors Scheduled Sectors Flown + Sectors Cancelled RFTK = FRT X FASL RPK = PAX PASL RPTK = APTK X PSF RPTK = RPK X APW RPTK = RTK - RFTK RTK = RPTK + RFTK SEATS = Average Seat Count X MOV + 2 SEATS = Average Seat Count > Flights PAX Carried Seats Carried PSF RTK TLF = ATK Total Revenue Total Yield RTK