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Cathay Pacific releases June 2004 traffic figures

13 Jul 2004


Cathay Pacific Airways today released traffic figures for June 2004, a month that saw the airline set a new one-day passenger record. It was also the best June on record in terms of tonnage carried for the airline’s cargo operation.

In June, the airline carried 1,142,345 passengers, up from 1,064,516 carried in May. Figures were boosted by the advent of successive public holidays that encouraged leisure travellers to take long weekend breaks. The new one-day record was set on 27 June when 45,331 passengers flew with the airline. The old record of 42,824, set during this year’s Chinese New Year holiday, was bested on three other days in June.

High passenger numbers were produced by a 79.7 percent average passenger load factor and an increase in capacity, measured in terms of Available Seat Kilometres, or ASKs, which has risen 19 percent in the past two years.

The airline carried 76,769 tonnes of cargo in June, traditionally a quiet period of the year. Although less than the 79,906 tonnes carried in May, it was still the highest June total on record. The cargo load factor was 70.2 percent.

Cumulative figures for the first six months of the year show steady growth. The number of passengers carried by the airline was up by more than half over the same period in 2003, which was heavily affected by SARS, and by about 8 percent on the first half of 2002. The volume of cargo carried in the first six months of the year rose by more than 15 percent over the same six-month period last year and by 13 percent on the first half of 2002.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: “Public holidays made a difference, but the key drivers behind the steady growth in passenger business continued to be the upbeat economy and the increase in capacity generated by our fleet and service expansion over the past two years. However, high fuel prices are still inflating costs.”

Cathay Pacific Director & General Manager Cargo Ron Mathison said: “An increase in capacity and better than expected demand for this time of year in key markets in Europe and North America gave business a lift. Yet persistently higher operating costs created by rising fuel prices remain a concern.”

June 2004 and 2002 figures are on the following page.

TRAFFIC June 2004 % change
vs June 03
Cumulative
June 2004
Cumulative
June 2003
% change
RPK (000)
- North Asia668,644 279.1% 3,697,061 2,266,478 63.1%
- South East Asia and Middle East 988,324 97.2% 5,507,713 3,461,477 59.1%
- Europe1,077,394 112.2% 6,071,919 3,813,431 59.2%
- South West Pacific & South Africa668,86981.2%4,246,3983,139,16535.3%
- North America 1,307,139 116.0% 7,311,5094,596,011 59.1%
RPK Total (000) 4,710,370 118.1% 26,834,600 17,276,562 55.3%
Pax carried 1,142,345 148.5% 6,404,264 4,018,624 59.4%
Cargo and mail tonne km (000) 467,016 17.6%2,842,5392,444,632 16.3%
Freight carried (000 kg) 76,769 20.7%469,909 405,992 15.7%
Number of flights 2,439 82.4%14,79211,379 30.0%

CAPACITY June 2004 % change
vs June 03
Cumulative
June 2004
Cumulative
June 2003
% change
ASK (000)
- North Asia1,016,001 184.9% 6,014,834 4,076,843 47.5%
- South East Asia and Middle East 1,282,199 72.0% 7,618,547 5,851,046 30.2%
- Europe1,264,448 84.5% 7,490,0705,481,196 36.7%
- South West Pacific & South Africa937,27591.0% 5,886,315 4,757,656 23.7%
- North America1,409,997 81.3% 8,240,126 6,664,716 23.6%
ASK Total (000) 5,909,920 93.4% 35,249,892 26,831,457 31.4%
Passenger load factor 79.7% 9.0pt 76.1% 64.4% 11.7pt
Available cargo/mail tonne km (000) 665,592 24.4% 4,139,800 3,534,685 17.1%
Cargo and mail load factor 70.2% -4.0pt 68.7% 69.2% -0.5pt
ATK(000) 1,227,711 48.7% 7,493,392 6,086,990 23.1%

CAPACITY June 2002

Cumulative

June 2002

RPK (000)
- Europe926,157 5,401,720
- Pacific and South Africa 1,519,195 9,150,186
- Noth Asia608,305 3,676,394
- South East Asia and Middle East834,418 4,843,605
RPK Total (000) 3,888,075 23,071,905
Passengers carried 1,009,264 5,932,699
Passengers load factor 77.9% 78.1%
Freight carried (000Kg) 73,124 415,675
Cargo and mail load factor 73.9% 70.9%
ATK (000)4,989,111 29,537,302