Cargo and Passenger Market Performance & Strategies

Global Passenger Market Overview • The global international passenger market is experiencing stable growth, with high passenger load factors. IATA predicts that the market will surpass pre-pandemic levels in 2024. ASK/RPK YOY% (vs in 2019) 20% 0% -20% -40% -60% -80% -100% Global Int. Passenger Market Sep 114% 105% 93% Global Int. Passenger Market recovery forecast RP (million) PLF% 2000 100% 100% 80% 1500 60% 67% 40% 1000 20% 28% 26% 0% 500 2019 2020 2021 -RPK - AKS PLF CHINA AIRLINES Source: IATA 2022 2023 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 14

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