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)
April 2016 Traffic FiguresThe appended press release contains combined traffic figures for April 2016 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), Ivan Chu, Rupert Hogg, Martin Murray, Algernon Yau;
Non-Executive Directors: Cai Jianjiang, Martin Cubbon, Fan Cheng, Ian Shiu, Song Zhiyong, Merlin Swire, Samuel Swire, Zhao Xiaohang;
Independent Non-Executive Directors: John Harrison, Irene Lee, Andrew Tung and Peter Wong.
By Order of the Board
Cathay Pacific Airways Limited
David Fu
Company Secretary
Hong Kong, 17th May 2016
17 May 2016
FOR IMMEDIATE RELEASE CATHAY PACIFIC RELEASES COMBINED TRAFFIC FIGURES FOR APRIL 2016Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for April 2016 that show a marginal year-on-year decrease in the number of passengers carried, together with a small increase in the volume of cargo and mail uplifted.
Cathay Pacific and Dragonair carried a total of 2,909,534 passengers last month - an decrease of 0.1% compared to April 2015. The passenger load factor fell by 2.3 percentage points to 84.9% while capacity, measured in available seat kilometres (ASKs), grew by 2.4%. In the first four months of 2016, the number of passengers carried rose by 3.8% compared to a 5.5% increase in capacity.
The two airlines carried 147,643 tonnes of cargo and mail in April, an increase of 2.1% compared to the same month last year. The cargo and mail load factor rose by
0.9 percentage points to 63.5%. Capacity, measured in available cargo/mail tonne kilometres, fell by 0.8% while cargo and mail revenue tonne kilometres (RTKs) rose by 0.6%. In the first four months of 2016, the tonnage carried fell by 1.8% against a 1.7% increase in capacity and a 3.4% drop in RTKs.
Cathay Pacific General Manager Revenue Management Patricia Hwang said: "We saw a general weakening in passenger demand last month across most of the markets we serve. The number of passengers carried decreased compared to the same month in 2015, despite more capacity being operated, which resulted in another drop in load factor. April figures received a boost from Easter returning traffic and the beginning of travel for the Labour Day holidays in China, but overall we are not seeing the high volumes we saw last year. Pressure on yield remains, with competition increasing and premium demand continuing to fall short of expectations."
Cathay Pacific General Manager Cargo Sales & Marketing Mark Sutch said: "April saw a better-than-expected performance for our cargo business, at least in terms of tonnage. We managed capacity astutely and were able to capture shipments out of key markets, including Mainland China and India, which led to a small improvement in load factor. India remains a focus for our cargo business at the moment and we operated a number of additional services to and from the country in April in response to strong demand. The big issue at the moment is yield, which remains under intense pressure due to the overall softness of the markets and the big increase in competitor capacity."
The full April figures are on the next page.
CATHAY PACIFIC / DRAGONAIR COMBINED TRAFFIC | APR | % Change | Cumulative | % Change |
2016 | VS APR 2015 | APR 2016 | YTD | |
RPK (000) | ||||
- Mainland China | 789,501 | 3.0% | 3,007,373 | 3.7% |
- North East Asia | 1,317,383 | -2.8% | 5,203,367 | 0.6% |
- South East Asia | 1,533,069 | 3.8% | 6,077,862 | 7.8% |
- India, Middle East, Pakistan & Sri Lanka | 618,534 | -11.2% | 2,535,613 | -5.9% |
- South West Pacific & South Africa | 1,427,722 | -0.3% | 6,113,931 | 5.1% |
- North America | 2,623,348 | 1.3% | 10,848,803 | 3.1% |
- Europe | 1,707,744 | -1.6% | 7,021,205 | 8.3% |
RPK Total (000) | 10,017,301 | -0.3% | 40,808,156 | 4.0% |
Passengers carried | 2,909,534 | -0.1% | 11,514,968 | 3.8% |
Cargo and mail revenue tonne km (000) | 853,995 | 0.6% | 3,281,426 | -3.4% |
Cargo and mail carried (000kg) | 147,643 | 2.1% | 569,638 | -1.8% |
Number of flights | 6,478 | -1.1% | 26,288 | 2.1% |
CATHAY PACIFIC / DRAGONAIR COMBINED CAPACITY | APR | % Change | Cumulative | % Change |
2016 | VS APR 2015 | APR 2016 | YTD | |
ASK (000) | ||||
- Mainland China | 962,051 | 2.1% | 3,807,003 | 2.0% |
- North East Asia | 1,598,586 | 1.3% | 6,506,699 | 3.5% |
- South East Asia | 1,760,765 | 0.7% | 7,124,306 | 4.8% |
- India, Middle East, Pakistan & Sri Lanka | 746,783 | -9.4% | 3,162,054 | -2.9% |
- South West Pacific & South Africa | 1,580,473 | 2.9% | 6,791,219 | 4.9% |
- North America | 3,101,929 | 6.8% | 12,864,649 | 7.8% |
- Europe | 2,046,032 | 3.0% | 8,135,144 | 9.9% |
ASK Total (000) | 11,796,619 | 2.4% | 48,391,074 | 5.5% |
Passenger load factor | 84.9% | -2.3pt | 84.3% | -1.2pt |
Available cargo/mail tonne km (000) | 1,345,685 | -0.8% | 5,321,275 | 1.7% |
Cargo and mail load factor | 63.5% | 0.9pt | 61.7% | -3.3pt |
ATK (000) | 2,467,298 | 0.6% | 9,922,717 | 3.4% |
Thomas Lau, Corporate Communication Manager - Public Affairs
Tel: +852 2747-5362 Email: thomas_lau@cathaypacific.com
Carol Ng, Assistant Corporate Communication Manager - Public Affairs Tel: +852 2747-5652 Email: ka_ng@cathaypacific.com
Cathay Pacific website: www.cathaypacific.com
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
Cathay Pacific Airways Ltd. published this content on 17 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 May 2016 04:32:02 UTC.
Original documenthttp://www.cathaypacific.com/dam/cx/about-us/investor-relations/announcements/en/201604_traffic_figures_en.pdf
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