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)
August 2016 Traffic FiguresThe appended press release contains combined traffic figures for August 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, 15th September 2016
15 September 2016
FOR IMMEDIATE RELEASE CATHAY PACIFIC RELEASES COMBINED TRAFFIC FIGURES FOR AUGUST 2016Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for August 2016 that show a drop in the number of passengers carried and an increase in the amount of cargo and mail uplifted compared to the same month last year.
Cathay Pacific and Dragonair carried a total of 2,975,161 passengers last month - a decrease of 3.8% compared to August 2015. The passenger load factor dropped by
1.8 percentage points to 86.8%, while capacity, measured in available seat kilometres (ASKs), dropped by 0.8%. In the first eight months of 2016, the number of passengers carried rose by 1.8% compared to a 3.4% increase in capacity.
The two airlines carried 153,733 tonnes of cargo and mail in August, an increase of 3.8% compared to the same month last year. The cargo and mail load factor rose by
2.7 percentage points to 63.3%. Capacity, measured in available cargo/mail tonne kilometres, dropped by 2.6%, while cargo and mail revenue tonne kilometres (RTKs) increased by 1.7%. In the first eight months of 2016, the tonnage carried rose by 1.2% against a 0.3% increase in capacity and a 0.7% drop in RTKs.
Cathay Pacific General Manager Revenue Management Patricia Hwang said: "August was a busy month for our passenger business and we saw high passenger loads across the network. However, the disruption caused by Typhoon Nida, which passed close by Hong Kong in early August, led to nearly 300 flights being cancelled. Our top markets - Hong Kong, Mainland China and the United States - continued to show signs of weakness. Although the Europe route group also saw revenue decline due to security concerns, there was healthy demand for the newest routes on the network - Madrid and Gatwick. Yield remains under intense pressure due to volatile currency markets and strong competition."
Cathay Pacific General Manager Cargo Sales & Marketing Mark Sutch said: "Overall cargo demand in August was reasonably robust and tonnage continued to stabilise. Freighters on our North American routes were generally full. We now see the momentum for exports out of Hong Kong and Mainland China building. As expected, the yields are gradually improving although there remains a gap when compared with the same period last year. We are planning to operate our maximum freighter schedule over the coming peak to match with the forecast demand from various new product launches."
The full August figures are on the next page.
CATHAY PACIFIC / DRAGONAIR COMBINED TRAFFIC | AUG | % Change | Cumulative | % Change |
2016 | VS AUG 2015 | AUG 2016 | YTD | |
RPK (000) | ||||
- Mainland China | 803,790 | -5.6% | 6,133,198 | 1.1% |
- North East Asia | 1,380,096 | 1.0% | 10,456,433 | 1.3% |
- South East Asia | 1,501,932 | -4.4% | 12,155,777 | 4.4% |
- India, Middle East, Pakistan & Sri Lanka | 604,663 | -18.3% | 5,005,598 | -10.8% |
- South West Pacific & South Africa | 1,347,605 | -4.1% | 11,463,617 | 1.8% |
- North America | 3,176,372 | -0.7% | 23,291,797 | 2.1% |
- Europe | 2,002,698 | 0.2% | 14,746,152 | 5.0% |
RPK Total (000) | 10,817,156 | -2.8% | 83,252,572 | 1.8% |
Passengers carried | 2,975,161 | -3.8% | 23,294,567 | 1.8% |
Cargo and mail revenue tonne km (000) | 875,655 | 1.7% | 6,793,780 | -0.7% |
Cargo and mail carried (000kg) | 153,733 | 3.8% | 1,177,626 | 1.2% |
Number of flights | 6,685 | -2.0% | 52,830 | 0.9% |
CATHAY PACIFIC / DRAGONAIR COMBINED CAPACITY | AUG | % Change | Cumulative | % Change |
2016 | VS AUG 2015 | AUG 2016 | YTD | |
ASK (000) | ||||
- Mainland China | 991,952 | 1.5% | 7,719,023 | 2.3% |
- North East Asia | 1,677,745 | 3.1% | 13,056,992 | 3.7% |
- South East Asia | 1,760,788 | -3.7% | 14,247,410 | 2.5% |
- India, Middle East, Pakistan & Sri Lanka | 762,887 | -12.7% | 6,197,813 | -7.3% |
- South West Pacific & South Africa | 1,580,229 | -0.6% | 13,113,840 | 2.7% |
- North America | 3,444,781 | -2.4% | 26,598,766 | 4.3% |
- Europe | 2,239,494 | 5.1% | 16,893,999 | 8.0% |
ASK Total (000) | 12,457,876 | -0.8% | 97,827,843 | 3.4% |
Passenger load factor | 86.8% | -1.8pt | 85.1% | -1.3pt |
Available cargo/mail tonne km (000) | 1,383,497 | -2.6% | 10,839,646 | 0.3% |
Cargo and mail load factor | 63.3% | 2.7pt | 62.7% | -0.6pt |
ATK (000) | 2,567,963 | -1.8% | 20,141,439 | 1.7% |
Thomas Lau, Corporate Communication Manager - Public Affairs Tel: +852 2747-5362 Email: thomas_lau@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
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 15 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 September 2016 04:33:03 UTC.
Original documenthttp://www.cathaypacific.com/dam/cx/about-us/investor-relations/announcements/en/201608_traffic_figure_en.pdf
Public permalinkhttp://www.publicnow.com/view/7167D83DAD7D50BEC0888E53E231B658F9A396A2
