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Cathay Pacific releases December 2002 traffic figures

16 Jan 2003


Cathay Pacific Airways today released traffic figures for the month of December 2002 that show continued growth in both the airline's cargo and passenger operations during the month and some record volumes for the year as a whole.

In December 2002, Cathay Pacific carried 1,104,455 passengers, up from 992,738 passengers carried in November, and an 11.9 percent increase over December 2001. December's passenger load factor also increased to 77.5 percent, 4.1 percentage points up from November and a 2.3 percentage point gain on December 2001.

With the peak season for freight coming to an end, the airline carried 74,008 tonnes of cargo in December, down from 83,720 tonnes in November, yet up 4.6 percent from December 2001.

Cumulative figures for the entire year show a 9.3% increase in passenger numbers and a 15.2% increase in cargo tonnage, compared to the whole of 2001. An average passenger load factor of 77.8 percent for 2002 was a company record, as was the total 851,439 tonnes of freight carried by the airline.

Cathay Pacific General Manager Revenue Management, Sales and Distribution Ian Shiu said: "Our average load factor for the whole of 2002 was our highest on record, but our average yields [average revenue per passenger per kilometre] remained weak. Fewer passengers flew in First and Business Class, and a larger proportion of revenue came from long-haul flights, which generally have lower yields than short-haul ones. This 'structural' shift in revenue mix will likely stay with us for some time."

Cathay Pacific General Manager Cargo Kenny Tang added: "December's figures were naturally lower from the previous month but remained satisfactory. Last year was a very good year for the cargo business - especially for handling exports from Hong Kong - and we set a company record in terms of total tonnage carried in the 12-month period."

Full December 2002 figures are on the following page.
TRAFFIC Dec2002 % change
vs Dec 01
Cumulative
Dec 2002
Cumulative
Dec 2001
% change
RPK (000)
- Europe 891,326 10.5% 11,489,668 10,845,049 5.9%
- Pacific and South Africa 2,013,595 18.7% 19,825,821 18,168,090 9.1%
- North Asia 675,228 17.1% 7,629,454 7,072,065 7.9%
- Southeast Asia and Middle East 947,987 11.9% 10,096,078 8,707,020 16.0%
RPK Total (000) 4,528,136 15.3% 49,041,021 44,792,224 9.5%
Passengers carried 1,104,445 11.9% 12,321,256 11,268,778 9.3%
Cargo and mail tonne km(000) 438,852 1.0% 4,854,459 4,330,172 12.1%
Freight Carried(000Kg) 74,008 4.6% 851,439 739,250 15.2%
Number of flights 2,454 8.1% 27,124 26,163 3.7%

CAPACITY Dec 2002 % change
vs Dec 01
Cumulative
Dec 2002
Cumulative
Dec 2001
% change
ASK (000)
- Europe 1,134,452 3.5% 13,290,896 13,833,044 -3.9%
- Pacific and South Africa 2,470,672 18.7% 24,674,123 25,069,207 -1.6%
- North Asia 972,888 8.4% 11,021,555 10,278,714 7.2%
- Southeast Asia and Middle East 1,266,430 10.1% 14,063,478 13,609,289 3.3%
ASK Total (000) 5,844,442 11.9% 63,050,052 62,790,254 0.4%
Passenger load factor 77.5% 2.3pt 77.8% 71.3% 6.5pt
Available cargo/mail tonne km (000) 648,914 5.0% 6,822,036 6,362,514 7.2%
Cargo and mail load factor 67.6% -2.7pt 71.2% 68.1% 3.1pt
ATK(000) 1,204,951 8.1% 12,820,270 12,335,052 3.9%