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Cathay Pacific releases combined traffic figures for February 2011

14 Mar 2011

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for February 2011 that show a year-on-year drop in the number of passengers and amount of cargo and mail carried.

Cathay Pacific and Dragonair carried a total of 2,036,437 passengers last month – down 1.2% on February 2010 – while the passenger load factor was down 6.8 percentage points to 77.3%. Capacity for the month, measured in available seat kilometres (ASKs), was up by 8.9%.

The two airlines carried 116,998 tonnes of cargo in February 2011, a drop of 2.3% compared to the same month last year, while the cargo and mail load factor was down 9.5 percentage points to 67.6%. Capacity, measured in available cargo/mail tonne kilometres, was up by 17.8%, while cargo and mail tonne kilometres flown were up by 3.3%.

Cathay Pacific General Manager Revenue Management Tom Owen said: "February saw strong leisure demand on many regional routes due to return traffic over the Chinese New Year holiday period. Premium traffic volumes and yield also held up well throughout the month. When the January and February results are combined to remove Chinese New Year distortions, business was in line with expectations. However, there are Economy Class demand and yield challenges ahead across parts of our network as we continue to grow capacity, particularly on long-haul services.”

Cathay Pacific General Manager Cargo Sales & Marketing James Woodrow said: “Demand out of the key Hong Kong and China markets was generally quite weak during and immediately after the Chinese New Year holidays in early February, with a number of factories in the Mainland staying closed for a longer period than usual. We saw some pick-up later in the month though there was no significant month-end rush. We managed our capacity in line with demand, cancelling a number of freighter services on long-haul trunk routes.”
CATHAY PACIFIC / DRAGONAIR
COMBINED TRAFFIC
February 2011 % change vs Feb10 Cumulative Feb2011 % change
YTD

RPK (000)
China 510,513 -11.0% 1,051,235 -3.6%
North East Asia 991,997 5.9% 1,998,706 9.2%
South East Asia 948,672 8.5% 1,983,454 10.7%
India, Middle East, Pakistan & Sri Lanka 597,882 -9.3% 1,310,593 -7.9%
Europe 1,301,402 -0.3% 2,899,155 4.4%
South West Pacific & South Africa 1,216,394 -9.1% 2,682,888 -5.4%
North America 1,793,732 7.6% 3,987,059 10.4%
RPK Total (000) 7,360,592 0.1% 15,913,090 3.6%
Passengers carried 2,036,437 -1.2% 4,280,225 2.8%
Cargo and mail tonne km (000) 661,253 3.3% 1,477,062 8.8%
Cargo and mail carried (000Kg) 116,998 -2.3% 261,400 3.6%
Number of flights 4,778 8.9% 10,088 11.4%
CATHAY PACIFIC / DRAGONAIR COMBINED CAPACITY February 2011 % change
vs Feb 2011
Cumulative
Feb 2011
% change
YTD

ASK (000)
China 735,524 3.2% 1,557,077 6.4%
North East Asia 1,332,312 14.4% 2,750,497 19.5%
South East Asia 1,163,757 8.7% 2,445,787 9.7%
India, Middle East, Pakistan & Sri Lanka 839,671 -0.9% 1,770,463 -1.3%
Europe 1,724,483 15.1% 3,641,691 14.7%
South West Pacific & South Africa 1,581,745 0.0% 3,333,553 0.2%
North America 2,143,159 14.8% 4,539,682 13.3%
ASK Total (000) 9,520,651 8.9% 20,038,750 9.5%
Passenger load factor 77.3% -6.8pt 79.4% -4.5pt
Available cargo and mail tonne km (000) 978,197 17.8% 2,180,619 21.9%
Cargo and mail load factor 67.6% -9.5pt 67.7% -8.2pt
ATK (000) 1,883,924 13.3% 4,087,559 15.8%
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