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Cathay Pacific releases November traffic figures

18 Dec 2001


Cathay Pacific Airways continued to experience poor market conditions in November as a result of the deepening global economic downturn and weak travel demand. The number of passengers carried was 803,656, 13.8% less than in the same month last year. The volume of passenger traffic, measured in revenue passenger kilometres (RPKs), was 15.3% lower than the comparable figure for November 2000, with North Asian routes showing particular weakness. The amount of cargo carried was 67,538 tonnes, 6.5% lower than the same month last year.

For the first eleven months of 2001 the number of passengers carried was down 5.3%, and the amount of cargo carried was down 9.1% compared to the same period last year.

Cathay Pacific's General Manager Revenue Management, Sales & Distribution Ian Shiu said: "The November figures show a continuation of the pattern of weak market demand for both passenger and cargo services. Load factors are still down, and yields have also fallen as a result of weak front-end demand and the introduction of various initiatives to match aggressive pricing activities launched by competitors. We expect market conditions to remain challenging for the foreseeable future."

TRAFFIC

November 2001

% change
vs Nov 2000

Cumulative
Jan - Nov 2001

Cumulative
Jan - Nov 2000

% change

RPK (000)

- Europe

759,131
-13.5%
10,038,414
10,877,012
-7.7%

- Pacific and South Africa

1,325,893
-16.5%
16,472,245
17,512,776
-5.9%

- North Asia

465,618
-22.1%
6,495,382
6,720,111
-3.3%

- Southeast Asia and Middle East

643,082
-9.3%
7,860,217
7,984,120
-1.6%

RPK Total (000)

3,193,724
-15.3%
40,866,257
43,094,020
-5.2%

Pax carried

803,656
-13.8%
10,282,210
10,853,654
-5.3%

Cargo and mail tonne km (000)

384,114
-6.5%
3,571,582
3,801,926
-6.1%

Freight carried (000 kg)

67,538
-6.5%
639,601
703,872
-9.1%

Number of flights

2,078
-1.9%
23,738
22,385
6.0%

CAPACITY

November 2001

% change
vs Nov 2000

Cumulative
Jan - Nov 2001

Cumulative
Jan - Nov 2000

% change

ASK (000)

- Europe

1,042,937
-15.0%
12,737,250
13,271,432
-4.0%

- Pacific and South Africa

1,802,313
-17.9%
22,987,795
23,082,013
-0.4%

- North Asia

852,918
3.3%
9,380,815
9,059,134
3.6%

- Southeast Asia and Middle East

999,740
-6.7%
12,459,274
10,953,581
13.7%

ASK Total (000)

4,697,907
-11.7%
57,565,134
56,366,160
2.1%

Pax load factor

68.0%
-2.9pt
71.0%
76.5%
-5.5pt

Available cargo and mail tonne km (000)

520,837
-4.4%
5,332,680
5,237,424
1.8%

Cargo and mail load factor (000 kg)

73.7%
-1.6pt
67.0%
72.6%
-5.6pt

ATK(000)

967,775
-7.9%
10,808,155
10,600,676
2.0%