Investor Presentaiton

Demand of Pax Market is far below the pre-crisis levels YOY% International Pax Traffic decreased by 69.2% in Sep, 2021. and decreased by 80.2% from Jan to Sep, which is still far lower than the pre epidemic level. The recovery of international pax market of airlines in the Asia lags behind other regions, because delta variant virus epidemic and strict border control measures. International Pax capacity/traffic/LF International Capacity/Traffic 20% Capacity 0% -20% LF Traffic -40% -60% 2020 (vs 19) -80% Capacity -68.1% Capacity -69.9% Traffic -75.6% 62.8% 2021 YTD (vs 19) Traffic -80.2% LF 54.2% -100% LF -120% 2019 100% 2021/01-09 (international capacity) 2021/01-09 (international traffic ) 80% 0% -50% -100% 60% -94.5% Asia -86.5% 40% -76.7% Middle East 20% -61.5% -74.7% 0% Europe -65.1% -73.3% -67.3% -71.0% -56.7% 2020 2021 Year Capacity Yoy% 202101 202102 202103 -74.4% -77.9% -77.4% 202104 202105 202106 202107 202108 202109 -76.0% -74.6% -71.0% -63.8% -59.0% -59.1% Latin America Traffic -85.6% -88.7% -87.8% -87.3% -85.1% -80.9% -73.6% Yoy% -68.8% -69.2% North America LF % 44.9% 40.8% 43.7% 43.8% 47.3% 55.2% 62.1% 65.3% 61.6% CHINA AIRLINES 2021 (vs the same month in 2019) * 2021 (vs the same month in 2019) Source IATA 18

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