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Cathay Pacific releases combined traffic figures for November 2011

14 Dec 2011

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for November 2011 that show the growth in passenger numbers again failing to match capacity growth, while cargo and mail tonnage showed another significant year-on-year decline.

Cathay Pacific and Dragonair carried a total of 2,274,128 passengers last month – up 4.2% on November last year – while the passenger load factor fell by 2.0 percentage points to 78.5%. Capacity for the month, measured in available seat kilometres (ASKs), was up by 8.6%. For the year to date, the number of passengers carried has increased by 2.5% compared to a capacity increase of 9.2%.

The two airlines carried 132,430 tonnes of cargo and mail in November, a year-on-year drop of 13.8%. The cargo and mail load factor was down by 6.3 percentage points to 65.3%. Capacity, measured in available cargo/mail tonne kilometres, fell by 1.1%, while cargo and mail tonne kilometres flown were down by 9.8%. For the year to date, tonnage has dropped by 8.2% while capacity has increased by 7.2%.

Cathay Pacific General Manager Revenue Management James Tong said: “Once again the growth in passenger traffic could not keep pace with the increase in capacity, which accounts for the dip in load factor. It was a similar story to previous months with demand in the premium cabins remaining robust, while in the Economy cabins yield came under increasing pressure, on long-haul routes in particular. Bookings for the upcoming Christmas travel peak are in line with expectations, but the outlook for the early part of 2012 is still very uncertain.”

Cathay Pacific General Manager Cargo Sales & Marketing James Woodrow said: "November is traditionally the busiest time for our cargo business in the build-up to the Christmas season in the US and Europe, but the peak simply didn’t arrive this year. Demand out of our key Hong Kong and China markets was soft throughout the month and we reduced capacity accordingly. On the positive side, demand within the region remained relatively healthy and our new service to Zaragoza in Spain got off to a good start.”

CATHAY PACIFIC / DRAGONAIR
COMBINED TRAFFIC
Nov2011 % change vs Nov10 Cumulative Nov2011 % change
YTD

RPK (000)
China 630,051 10.9% 6,866,765 -0.8%
North East Asia 986,016 2.7% 10,057,755 -7.5%
South East Asia 1,088,054 4.9% 12,017,055 11.8%
India, Middle East, Pakistan & Sri Lanka 666,185 -3.9% 7,750,048 -0.1%
Europe 1,414,189 -0.7% 17,450,876 5.2%
South West Pacific & South Africa 1,259,311 3.5% 13,079,479 -1.4%
North America 2,363,319 16.2% 25,305,832 14.5%
RPK Total (000) 8,407,125 6.0% 92,527,810 4.9%
Passengers carried 2,274,128 4.2% 25,121,315 2.5%
Cargo and mail tonne km (000) 794,435 -9.8% 8,801,247 -4.8%
Cargo and mail carried (000Kg) 132,430 -13.8% 1,507,250 -8.2%
Number of flights 5,381 3.8% 58,347 7.6%
CATHAY PACIFIC / DRAGONAIR COMBINED CAPACITY Nov2011 % change
vs Nov2011
Cumulative
Nov2011
% change
YTD

ASK (000)
China 855,923 5.4% 9,307,671 5.3%
North East Asia 1,323,401 1.5% 13,762,889 3.8%
South East Asia 1,310,191 8.0% 14,581,259 11.9%
India, Middle East, Pakistan & Sri Lanka 974,889 6.0% 10,469,671 4.1%
Europe 1,786,393 2.2% 20,735,413 8.4%
South West Pacific & South Africa 1,658,082 6.6% 17,238,714 4.0%
North America 2,794,899 21.2% 28,923,324 18.4%
ASK Total (000) 10,703,778 8.6% 115,018,941 9.2%
Passenger load factor 78.5% -2.0pt 80.4% -3.4pt
Available cargo and mail tonne km (000) 1,216,374 -1.1% 13,117,441 7.2%
Cargo and mail load factor 65.3% -6.3pt 67.1% -8.4pt
ATK (000) 2,234,543 3.0% 24,057,799 8.0%
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