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Cathay Pacific releases May 2004 traffic figures

10 Jun 2004


Cathay Pacific Airways today released traffic figures for May 2004 that reflect a slight seasonal downturn in business and leisure travel but an increase in freight shipments.

In May, the airline carried 1,064,516 passengers, down slightly from 1,099,183 passengers carried in April. Passenger traffic during the current between-holidays period is usually lighter. Even so, traffic to and from North America increased and the region has moved up to be the airline's second largest revenue centre after Hong Kong. May’s passenger load factor averaged 74.3 percent, down almost three points from 77 percent the previous month.

The volume of cargo carried increased to 79,906 tonnes, up from 76,992 tonnes in April, on the back of strong demand in markets in Europe, North America and North Asia. May’s cargo load factor was 70.4 percent, up from 69.8 percent the month before.

Comparisons of the airline’s current performance with that of last year are distorted by the SARS-related slump in 2003. Comparing 2004 with 2002 over the first five months of the year, passenger numbers have grown 7% whilst cargo tonnage is up 15% over the two-year period.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: “Even though passenger numbers dipped slightly from last month it was still a record May, with both passenger numbers and revenue boosted by increased capacity, very busy long-haul routes and exchange rate gains. However, higher fuel prices are a serious concern and the surcharge on passenger services does not recoup our added costs.”

Cathay Pacific Director & General Manager Cargo Ron Mathison said: “Cargo loads were satisfactory for both import and export markets, particularly out of Hong Kong to markets in Europe, North America and North Asia. High fuel prices are a cause for concern both in terms of the cost of transportation and the potential long-term impact on the world economy and growth of trade.”


TRAFFIC May 2004 % change
vs May 03
Cumulative
May 2004
Cumulative
May 2003
% change
RPK (000)
- North Asia613,462 737.2%3,028,417 2,090,105 44.9%
- South East Asia and Middle East 940,418 221.5% 4,519,389 2,960,273 52.7%
- Europe1,008,025 266.9% 4,994,525 3,305,642 51.1%
- South West Pacific & South Africa610,170162.4%3,577,5302,770,08129.1%
- North America 1,293,769 290.4% 6,004,3703,990,720 50.5%
RPK Total (000) 4,465,844 270.8% 22,124,231 15,116,821 46.4%
Pax carried 1,064,516 336.3% 5,261,919 3,558,997 47.8%
Cargo and mail tonne km (000) 499,456 24.2%2,375,5232,047,611 16.0%
Freight carried (000 kg) 79,906 24.1%393,139342,393 14.8%
Number of flights 2,508 99.4%12,35410,042 23.0%

CAPACITY May 2004 % change
vs May 03
Cumulative
May 2004
Cumulative
May 2003
% change
ASK (000)
- North Asia1,047,456 262.3%4,998,833 3,720,221 -2.4%
- South East Asia and Middle East 1,304,971 92.6%6,336,349 5,105,377 20.3%
- Europe1,318,109 97.7% 3,431,1023,521,418 -2.6%
- South West Pacific & South Africa939,655 79.4%6,225,622 4,795,694  
- North America1,399,171 86.8% 4,949,040 4,267,024 -0.1%
ASK Total (000) 6,009,362 106.8% 6,830,129 5,887,205 6.6%
Passenger load factor 74.3% 32.9pt 29,339,973 23,775,521 -12.4pt
Available cargo/mail tonne km (000) 709,596 34.3%75.4% 63.6% 12.2%
Cargo and mail load factor 70.4% -5.7pt 3,474,208 2,999,551 -3.7pt
ATK(000) 1,281,294 59.2% 68.4% 5,261,158 19.1%

CAPACITY May 2002

Cumulative

May 2002

RPK (000)
- Europe891,811 4,475,563
- Pacific and South Africa 1,412,938 7,630,991
- Noth Asia586,199 3,068,088
- South East Asia and Middle East812,495 4,009,188
RPK Total (000) 3,703,443 19,183,830
Passengers carried 972,925 4,923,435
Passengers load factor 74.4% 78.1%
Freight carried (000Kg) 71,247 342,552
Cargo and mail load factor 70.0% 70.2%
ATK (000)1,055,557 5,120,177