Traffic Figures

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CATHAY PACIFIC AIRWAYS LIMITED

國泰航空有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 293)

April 2015 Traffic Figures

The appended press release contains combined traffic figures for April 2015 for Cathay Pacific Airways Limited ("Cathay Pacific") and its wholly owned subsidiary, Hong Kong Dragon Airlines Limited ("Dragonair"). The information in the press release may be price sensitive. This announcement containing the press release is accordingly being issued pursuant to Part XIVA of the Securities and Futures Ordinance. The information in the press release has been prepared on the basis of internal management records. It has not been audited or reviewed by external auditors.

This announcement is issued by Cathay Pacific pursuant to Part XIVA of the Securities and

Futures Ordinance.

The information in this announcement has been prepared on the basis of internal management records. It has not been audited or reviewed by external auditors.

Investors are advised to exercise caution in dealing in shares of Cathay Pacific.

As at the date of this announcement, the Directors of Cathay Pacific are:

Executive Directors: John Slosar (Chairman), James Barrington, Ivan Chu, Rupert Hogg, Martin Murray;

Non-Executive Directors: Cai Jianjiang, Fan Cheng, Martin Cubbon, Ian Shiu, Song Zhiyong, Merlin Swire, Samuel Swire, Zhao Xiaohang;

Independent Non-Executive Directors: Irene Lee, Jack So, Tung Chee Chen and Peter Wong.

By Order of the Board

Cathay Pacific Airways Limited

David Fu

Company Secretary

Hong Kong, 15th May 2015

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15 May 2015

FOR IMMEDIATE RELEASE CATHAY PACIFIC RELEASES COMBINED TRAFFIC FIGURES FOR APRIL 2015

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for April 2015 that show an increase in both the number of passengers carried and the cargo and mail uplift compared to the same month last year.
Cathay Pacific and Dragonair carried a total of 2,912,562 passengers in April - an increase of 7.7% compared to the same month last year. The passenger load factor grew by 2.5 percentage points to 87.2% while capacity, measured in available seat kilometres (ASKs), increased by 4.3%. In the first four months of the year, passenger traffic grew by 8.4% while capacity was up by 6.2%
The two airlines carried 144,579 tonnes of cargo and mail last month, an increase of
5.2% compared to April 2014. The cargo and mail load factor fell by 0.5 percentage points to 62.6%. Capacity, measured in available cargo/mail tonne kilometres, rose by 7.3% while cargo and mail revenue tonne kilometres (RTKs) flown increased by
6.3%. In the first four months of the year, tonnage rose by 10.5% against a capacity increase of 9.1% and a 13.0% rise in RTKs.
Cathay Pacific General Manager Revenue Management Patricia Hwang said: "After a strong March, passenger demand remained robust throughout April and the growth in traffic once again outpaced the growth in capacity. Demand was boosted by the Easter and Ching Ming holiday at the beginning of the month, particularly out of our home market. Japan, Korea and Thailand were the most popular destinations for Easter getaways from Hong Kong though we also saw high load factors to other Asian destinations and Australia/New Zealand. Demand in the premium cabins was slightly behind expectations, particularly on long-haul routes."
Cathay Pacific General Manager Cargo Sales & Marketing Mark Sutch said: "Our cargo business benefitted from a modest rush in demand out of the home market before Easter and the pick-up after the holiday was reasonably swift. Demand out of the key manufacturing centres in Mainland China fluctuated throughout the month and we faced intense competition out of Western China cities. Transpacific business held up well and we continued to benefit from the logjam of freight in seaports on the West Coast of the United States, even after the industrial dispute was resolved. We saw robust demand out of Southeast Asia, and Vietnam in particular, in April while strong traffic to India remains a key focus."
The full April figures are on the next page.

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CATHAY PACIFIC /

DRAGONAIR COMBINED TRAFFIC

APR

% Change

Cumulative

%

Change

2015

VS APR 2014

APR 2015

YTD

RPK (000)

- Mainland China

766,704

7.2%

2,899,378

3.6%

- North East Asia

1,354,863

7.4%

5,171,433

10.4%

- South East Asia

1,476,871

17.5%

5,640,284

16.4%

- India, Middle East, Pakistan &

Sri Lanka

696,166

-5.9%

2,694,145

-3.0%

- South West Pacific & South

Africa

1,432,377

10.3%

5,818,079

14.1%

- North America

2,589,238

1.1%

10,525,656

7.9%

- Europe

1,734,647

13.6%

6,480,570

9.3%

RPK Total (000)

10,050,866

7.4%

39,229,545

9.3%

Passengers carried

2,912,562

7.7%

11,088,181

8.4%

Cargo and mail revenue tonne km (000)

848,907

6.3%

3,398,161

13.0%

Cargo and mail carried (000kg)

144,579

5.2%

580,008

10.5%

Number of flights

6,550

4.8%

25,736

5.8%

CATHAY PACIFIC /

DRAGONAIR COMBINED CAPACITY

APR

% Change

Cumulative

%

Change

2015

VS APR 2014

APR 2015

YTD

ASK (000)

- Mainland China

942,502

1.9%

3,731,962

0.1%

- North East Asia

1,578,624

2.9%

6,285,186

7.5%

- South East Asia

1,748,655

14.5%

6,795,315

13.9%

- India, Middle East, Pakistan &

Sri Lanka

824,270

-11.0%

3,255,773

-10.9%

- South West Pacific & South

Africa

1,536,483

4.8%

6,474,587

8.3%

- North America

2,905,066

-0.7%

11,938,877

7.0%

- Europe

1,987,297

14.1%

7,399,370

8.0%

ASK Total (000)

11,522,897

4.3%

45,881,070

6.2%

Passenger load factor

87.2%

2.5pt

85.5%

2.4pt

Available cargo/mail tonne km

(000)

1,357,125

7.3%

5,231,649

9.1%

Cargo and mail load factor

62.6%

-0.5pt

65.0%

2.3pt

ATK (000)

2,452,684

6.0%

9,594,458

7.8%

FOR FURTHER INFORMATION PLEASE CONTACT:

Esther Lee, Corporate Communication Manager - Public Affairs

Tel: +852 2747-5362 Email: esther_lee@cathaypacific.com

Cissy Ho, Assistant Corporate Communication Manager - Public Affairs

Tel: +852 2747-5376 Email: cissy_ho@cathaypacific.com

Cathay Pacific website: www.cathaypacific.com

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Glossary Terms: Available seat kilometres ("ASK")

Passenger seat capacity, measured in seats available for the carriage of passengers on each sector multiplied by the sector distance.

Available tonne kilometres ("ATK")

Overall capacity measured in tonnes available for the carriage of passengers, excess baggage, cargo and mail on each sector multiplied by the sector distance.

Available cargo/mail tonne kilometres

Cargo capacity measured in tonnes available for the carriage of cargo and mail on each sector multiplied by the sector distance.

Revenue passenger kilometres ("RPK")

Number of passengers carried on each sector multiplied by the sector distance.

Cargo and Mail revenue tonne kilometres

Traffic volume, measured in load tonnes from the carriage of cargo and mail on each sector multiplied by the sector distance.

Ratio:

Revenue passenger kilometres/ Cargo and mail revenue tonne kilometres

Passenger/Cargo and mail load factor = ----------------------------------------------------

Available seat kilometres/
Available cargo and mail tonne kilometres

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