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Cathay Pacific releases September 2004 traffic figures

12 Oct 2004


Cathay Pacific Airways today released traffic figures for September 2004, a seasonally slower period for passenger operations but the start of the year-end peak for cargo.

In September, the airline carried 1,094,497 passengers, down from 1,268,343 carried during August. September’s passenger load factor correspondingly dipped to 75.2 percent from 80.3 percent the month before.

The airline carried 83,687 tonnes of cargo in September, up from 77,395 tonnes in August, as the year-end peak for the freight business found its stride. The cargo load factor edged up to 69.6 percent from 64.7 percent a month ago.

Cumulatively, over the first three quarters of 2004, the number of passengers and cargo carried by the airline increased 15.0 percent and 10.6 percent respectively over the same period last year.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: “September’s figures got a boost from the adjacent Mid-Autumn Festival and National Day holidays which lifted leisure travel out of Hong Kong. Front-end loads were also strong, as evidenced by an all-time record in terms of the number of passengers who used our First and Business Class lounges at Hong Kong International Airport. Still, we have deepening concerns about the rising price of fuel.”

Cathay Pacific Director & General Manager Cargo Ron Mathison said: “Demand for exports from Mainland China remains strong but there is a great deal more capacity coming into the market which will exert downward pressure on yields when demand softens. Similarly, the escalating price of jet fuel remains a serious issue.”

September 2004 and 2002 figures are as follows:

TRAFFIC Sep 2004 % change
vs Sep 03
Cumulative
Sep 2004
Cumulative
Sep 2003
% change
RPK (000)
- North Asia714,062 23.9% 6,087,051 3,993,790 52.4%
- South East Asia and Middle East 883,288 13.2% 8,559,549 5,920,676 44.6%
- Europe1,127,034 1.9% 9,487,235 6,951,397 36.5%
- South West Pacific & South Africa652,54216.9%6,261,1285,055,372 23.9%
- North America 1,276,595 30.5% 11,548,1837,672,316 50.5%
RPK Total (000) 4,653,521 14.3% 41,943,146 29,593,551 41.7%
Passengers carried 1,094,497 15.0% 10,035,738 6,927,566 44.9%
Cargo and mail tonne km (000) 516,564 13.6%4,351,9243,739,244 16.4%
Freight carried (000 kg) 83,687 10.6%711,801619,435 14.9%
Number of flights 2,506 10.3%22,51617,752 26.8%

CAPACITY Sep 2004 % change
vs Sep 03
Cumulative
Sep 2004
Cumulative
Sep 2003
% change
ASK (000)
- North Asia1,032,244 18.9%9,236,254 6,497,388 42.2%
- South East Asia and Middle East 1,265,036 14.7%11,620,5199,058,666 28.3%
- Europe1,265,428 3.8% 11,381,3479,010,656 26.3%
- South West Pacific & South Africa 985,246 20.2%8,855,3817,100,739 24.7%
- North America1,638,196 40.1% 13,285,698 10,100,632 31.5%
ASK Total (000) 6,186,150 19.4% 54,379,199 41,768,081 30.2%
Passenger load factor 75.2% -3.4pt 77.1% 70.9% 6.2pt
Available cargo/mail tonne km (000) 742,072 10.5% 6,360,542 5,501,027 15.6%
Cargo and mail load factor 69.6% 1.9pt 68.4% 68.0% 0.4pt
ATK(000) 1,330,548 14.3% 11,533,754 9,474,363 21.7%

CAPACITY Sep 2002

Cumulative

Sep 2002

RPK (000)
- Europe1,036,932 8,629,753
- Pacific and South Africa 1,536,738 14,291,026
- North Asia625,760 5,716,320
- South East Asia and Middle East815,767 7,498,794
RPK Total (000) 4,015,196 36,135,892
Passengers carried 983,005 9,169,142
Passengers load factor 74.1% 78.6%
Freight carried (000kg) 76,324 638,564
Cargo and mail load factor 71.0% 70.6%
ATK (000)1,161,739 9,639,337