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Cathay Pacific releases August 2005 traffic figures

12 Sep 2005



Cathay Pacific Airways today released traffic figures for August 2005 that show continued, though marginally slower, growth.

The airline carried 1,415,516 passengers in August, or an 11.6 percent increase year-on-year, and 94,522 tonnes of cargo, 22.1 percent up on August a year ago. Higher fuel costs weighed heavy on both passenger and cargo operations.

August is a peak month for summer leisure travel, yet year-on-year passenger growth dipped below a corresponding 11.9 percent increase in capacity and did not beat it as it has for most of the year.

There was growth in cargo transhipment tonnage but also a spike in the number of cargo charters out of Hong Kong. Greater freighter capacity in the market also reduced inbound loads from Europe and the United States.

The average passenger and cargo load factor in August was 81.8 percent and 64.3 percent respectively.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said:
"August's figures were a little disappointing as we did not manage to break any summer passenger records even with our extra available capacity. Still, the outlook for bookings in September is good."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "August’s figures were in some ways below expectations as high transhipment tonnage growth masked a weaker performance in exports from southern China. Rates are under pressure as a result of excess capacity being deployed into China and Hong Kong and we are concerned about the impact of high fuel prices on demand."


Full August 2005 figures are as follow:-

TRAFFIC Aug 2005
% Change
Same mth last year

Cumulative
Aug 2005

Cumulative
Aug 2004

%
Change

RPK (000)
- North Asia873,152 2.0%6,168,447 5,372,989 14.8%
- South East Asia and Middle East 1,229,347 11.8%8,532,236 7,676,261 11.2%
- Europe1,286,530 14.4%9,252,400 8,360,201 10.7%
- South West Pacific & South Africa871,197 35.4%7,127,009 5,608,586 27.1%
- North America1,669,464 13.1%11,712,863 10,271,588 14.0%
RPK Total (000) 5,929,690 14.0%42,792,955 37,289,625 14.8%
Passengers carried 1,415,516 11.6%10,191,246 8,941,241 14.0%
Cargo and mail tonne km (000) 550,524 13.6%4,205,426 3,835,360 9.6%
Freight carried (000 kg) 94,522 22.1%708,670 628,114 12.8%
Number of flights 2,913 11.1%21,955 20,010 9.7%

Capacity Aug 2005 % change same mth last year Cumulative Aug 2005 Cumulative Aug 2004 % change
ASK (000)
- North Asia1,131,046 3.0%8,624,333 8,204,010 5.1%
- South East Asia & Middle East1,513,721 9.1%11,376,439 10,355,483 9.9%
- Europe1,445,730 10.4%10,498,524 10,115,919 3.8%
- South West Pacific & South Africa1,189,840 20.8%9,708,018 7,870,135 23.4%
- North America1,968,876 15.8%13,700,910 11,647,502 17.6%
ASK Total (000) 7,249,213 11.9%53,908,224 48,193,049 11.9%
Pax load factor81.8%1.5pt79.4%77.4%2.0pt
Available cargo & mail tonne km (000) 856,281 14.4%6,378,916 5,618,470 13.5%
Cargo and mail load factor64.3%-0.4pt65.9%68.3%-2.4pt
ATK (000) 1,545,753 13.2%11,506,633 10,203,206 12.8%