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Cathay Pacific releases July 2003 traffic figures

11 Aug 2003


Cathay Pacific Airways today released traffic figures for the month of July 2003 that show a strong recovery in passenger numbers from the previous month, although the total was still down more than 20 percent from the same month a year ago.

In July 2003, Cathay Pacific carried 874,228 passengers, up from 459,627 in June, but down 21.2 percent from July last year. The passenger load factor, based on reduced capacity, increased 1.5 percentage points year-on-year to 83.6 percent.

A total of 67,340 tonnes of freight was carried during the month, down 6.9 percent from an unusually busy period in July last year. The cargo load factor slipped 5.3 percent for similar reasons. Yet July’s total showed a steady increase on the 63,599 tonnes carried in June.

Cathay Pacific General Manager Revenue Management, Sales and Distribution Ian Shiu said: “Business is building and passenger numbers are rising, but continued market pressure on ticket prices means that yield remains depressed and will remain so for some time. July’s 21 percent drop in passenger volume illustrates how summer holiday bookings to Hong Kong evaporated."

Cathay Pacific General Manager Cargo Kenny Tang said: "This time last year air cargo shipments to the United States spiked because of the US dockers’ strike. This month’s figures appear depressed largely because they are compared against this unusually busy period. With the rapid restoration of the airline’s passenger schedule, the impact on business of reduced availability of cargo space on those services is a fading issue."


TRAFFIC July 2003 % change
vs July 02
Cumulative
July 2003
Cumulative
July 2002
% change
RPK (000)
- Europe 938,064 -15.1%4,751,496 6,506,389 -27.0%
- Pacific and South Africa 1,569,967 -10.7% 9,305,144 10,908,958 -14.7%
- North Asia 472,858 -29.9% 2,739,337 4,351,288 -37.0%
- South East Asia and Middle East 776,219 -13.9% 4,237,696 5,745,509 -26.2%
RPK Total (000) 3,757,108 -15.4% 21,033,670 27,512,145 -23.5%
Pax carried 874,228 -21.2% 4,892,852 7,042,617 -30.5%
Cargo and mail tonne km (000) 409,023 -4.0%2,853,655 2,814,101 1.4%
Freight carried (000 kg) 67,340 -6.9%473,332 488,018 -3.0%
Number of flights 1,867 -18.9%13,246 15,238 -13.1%

CAPACITY July 2003 % change
vs July 02
Cumulative
July 2003
Cumulative
July 2002
% change
ASK (000)
- Europe 1,064,997 -10.2%6,546,193 7,572,376 -13.6%
- Pacific and South Africa 1,771,603 -15.7%13,193,975 13,221,295 -0.2%
- North Asia 674,181 -28.6% 4,751,024 6,290,957 -24.5%
- South East Asia and Middle East 985,349 -16.6% 6,836,395 7,865,399 -13.1%
ASK Total (000) 4,496,131 -16.9% 31,327,587 34,950,027 -10.4%
Passenger load factor 83.6% 1.5pt 67.1% 78.7% -11.6pt
Available cargo/mail tonne km (000) 614,937 3.7%4,149,622 3,962,973 4.7%
Cargo and mail load factor 66.5% -5.3pt 68.8% 71.0% -2.2pt
ATK(000) 1,042,697 -5.9% 7,129,688 7,288,024 -2.2%


* AHK European routes are included, with cumulative July 2002 figures restated for comparison purpose.