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Cathay Pacific Releases April Traffic Figures

16 May 2002


Cathay Pacific Airways today released traffic figures for April 2002 showing negative growth in passenger traffic yet strong gains in cargo, when compared to the same month last year. The airline carried 993,285 passengers, a 3.8% decline from April 2001, and 64,151 tonnes of cargo, up 12.7% from a year ago.

Cumulative figures for the first four months of 2002 showed a positive 0.3% increase in passenger traffic over the same period last year and strong 10% growth in cargo.

The volume of passenger traffic in April measured in terms of revenue passenger kilometres (RPK) fell by 6.5%, as a result of weaker demand on long-haul routes during the month, with the Easter peak travel season falling in March this year compared to April in 2001. The passenger load factor for the month was 79.2%, partly reflecting selective capacity reductions.

The cargo load factor was 69.5%. Cargo traffic was already showing signs of slowing in April 2001. Although strong growth recorded in April this year comes from a weaker base, export demand to the US is generating strong absolute growth. Cargo capacity measured in terms of available tonne kilometres was up 0.4% from April 2001.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "Traffic volumes for the first four months are much better than we would have predicted at the start of the year. Yields are still soft, the business travel market has not fully recovered and the market remains very competitive. Holidays falling at different times can influence comparisons between monthly figures. Yet the trend is that more people are travelling, which augurs well for the rest of the year."

TRAFFIC

April 2002

% change
vs Apr 01

Cumulative
April 2002

Cumulative
April 2001

% change

RPK (000)

- Europe

927,132
-4.2%
3,583,752
3,709,940
-3.4%

- Pacific and South Africa

1,410,314
-13.8%
6,218,053
6,341,159
-1.9%

- North Asia

622,967
0.3%
2,481,889
2,502,603
-0.8%

- Southeast Asia and Middle East

806,685
0.6%
3,195,952
3,005,758
6.3%

RPK Total (000)

3,767,099
-6.5%
15,479,648
15,559,461
-0.5%

Pax carried

993,285
-3.8%
3,949,893
3,939,056
0.3%

Cargo and mail tonne km (000)

332,229
9.5%
1,324,630
1,224,424
8.2%

Freight carried (000 kg)

64,151
12.7%
250,745
227,922
10.0%

Number of flights

2,092
-4.3%
8,439
8,583
-1.7%

 

CAPACITY

April 2002

% change
vs Apr01

Cumulative
April 2002

Cumulative
April 2001

% change

ASK (000)

- Europe

1,053,619
-14.4%
4,232,059
4,933,939
-14.2%

- Pacific and South Africa

1,735,236
-20.2%
7,381,729
8,739,011
-15.5%

- North Asia

870,244
3.4%
3,521,418
3,351,856
5.1%

- Southeast Asia and Middle East

1,099,093
-6.8%
4,434,191
4,562,111
-2.8%

ASK Total (000)

4,758,192
-12.3%
19,569,396
21,586,918
-9.3%

Passenger load factor

79.2%
5.0pt
79.1%
72.1%
7.0pt

Available cargo/mail tonne km (000)

477,873
0.4%
1,909,571
1,880,649
1.5%

Cargo and mail load factor

69.5%
5.8pt
69.4%
65.1%
4.4pt

ATK(000)

930,604
-6.2%
3,771,407
3,934,040
-4.1%