CATHAY PACIFIC AIRWAYS LIMITED 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)
July 2014 Traffic FiguresThe appended press release contains combined traffic figures for July 2014 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, James W.J. Hughes-Hallett, Peter
Kilgour, Ian Shiu, Song Zhiyong, Merlin 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, 14th August 2014
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14 August 2014
Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for July 2014 that show an increase in the number of passengers carried and cargo and mail tonnage compared to the same month last year.
Cathay Pacific and Dragonair carried a total of 2,792,171 passengers in July - an increase of 4.2% compared to the same month in 2013. The passenger load factor rose by 0.6 percentage points to 85.6% while capacity, measured in available seat kilometres (ASKs), increased by 5.9%. For the year to the end of July, the passenger volume rose by 6.1% while capacity was up 5.4%.
The two airlines carried 146,745 tonnes of cargo and mail in July, an increase of
19.4% compared to the same month last year. The cargo and mail load factor rose by 4.4 percentage points to 64.7%. Capacity, measured in available cargo/mail tonne kilometres, rose by 12.7% while cargo and mail revenue tonne kilometres (RTKs) flown were up by 20.9%. For the year to the end of July, tonnage rose by 10.1% while capacity was up by 11.1% and RTKs increased by 13.4%.
Cathay Pacific General Manager Revenue Management Patricia Hwang said: "July marked the beginning of the summer peak period and we saw high passenger loads across the network. Demand on long-haul routes was particularly strong, both into and out of Hong Kong, and our new fourth daily flight to Los Angeles got off to an encouraging start. There was some rebound in traffic to Southeast Asia while Korea remained the hot-spot for leisure traffic from the Hong Kong market. A better-than- expected performance in the premium cabins and the growing contribution from our Premium Economy class helped to ease the pressure on yield last month."
Cathay Pacific General Manager Cargo Sales & Marketing Mark Sutch said: "After a strong end to the second quarter, demand remained robust in July and the year-on- year tonnage increase was above expectations. Our performance was underpinned by a strong Hong Kong market and a significant surge in shipments out of the main manufacturing centres in Mainland China. We operated a full freighter schedule to all points in the Americas in July with good demand in both directions. We operated fewer freighters to Europe than originally planned though we are now making better use of the belly space in our Boeing 777-300ER passenger aircraft."
The full July figures are on the next page.
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CATHAY PACIFIC / DRAGONAIR COMBINED TRAFFIC | JUL | % Change | Cumulative | % Change | ||
2014 | VS JUL 2013 | JUL 2014 | YTD | |||
RPK (000) | ||||||
- Mainland China | 745,514 | -3.8% | 4,909,847 | 3.1% | ||
- North East Asia | 1,342,765 | 11.3% | 8,417,830 | 11.6% | ||
- South East Asia | 1,292,146 | 1.0% | 8,505,534 | 0.8% | ||
- India, Middle East, Pakistan & Sri Lanka | 714,948 | 7.3% | 5,024,275 | 6.6% | ||
- South West Pacific & South Africa | 1,283,284 | 8.5% | 8,787,001 | 8.8% | ||
- North America | 2,865,025 | 20.5% | 18,204,510 | 17.1% | ||
- Europe | 1,753,584 | -7.0% | 10,861,369 | 0.2% | ||
RPK Total (000) | 9,997,266 | 6.6% | 64,710,366 | 8.0% | ||
Passengers carried | 2,792,171 | 4.2% | 18,229,108 | 6.1% | ||
Cargo and mail revenue tonne km (000) | 864,725 | 20.9% | 5,487,121 | 13.4% | ||
Cargo and mail carried (000kg) | 146,745 | 19.4% | 950,682 | 10.1% | ||
Number of flights | 6,510 | 5.4% | 43,243 | 5.0% |
CATHAY PACIFIC / DRAGONAIR COMBINED CAPACITY | JUL | % Change | Cumulative | % Change | |
2014 | VS JUL 2013 | JUL 2014 | YTD | ||
ASK (000) | |||||
- Mainland China | 937,719 | -5.8% | 6,498,301 | -2.3% | |
- North East Asia | 1,639,977 | 8.5% | 10,510,540 | 7.0% | |
- South East Asia | 1,605,097 | 2.8% | 10,578,475 | 0.2% | |
- India, Middle East, Pakistan & Sri Lanka | 876,674 | 0.5% | 6,388,209 | 2.6% | |
- South West Pacific & South Africa | 1,518,010 | 5.4% | 10,366,592 | 1.4% | |
- North America | 3,217,141 | 22.0% | 20,503,420 | 17.9% | |
- Europe | 1,885,850 | -6.1% | 12,309,346 | -0.1% | |
ASK Total (000) | 11,680,468 | 5.9% | 77,154,883 | 5.4% | |
Passenger load factor | 85.6% | 0.6pt | 83.9% | 2.1pt | |
Available cargo/mail tonne km (000) | 1,335,859 | 12.7% | 8,654,139 | 11.1% | |
Cargo and mail load factor | 64.7% | 4.4pt | 63.4% | 1.3pt | |
ATK (000) | 2,446,435 | 9.5% | 15,991,184 | 8.4% |
Ivan Chan, Corporate Communication Manager - Public Affairs, 2747-3837, email: ivan_c_chan@cathaypacific.com
Carol Ng, Assistant Corporate Communication Manager - Public Affairs, 2747-5652, email: ka_ng@cathaypacific.com
The Cathay Pacific Website can be found at 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 kilometresCargo 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 kilometresTraffic 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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