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)

May 2018 Traffic Figures

The appended press release contains combined traffic figures for May 2018 for Cathay Pacific Airways Limited ("Cathay Pacific") and its wholly owned subsidiary, Hong Kong Dragon Airlines Limited ("Cathay Dragon"). 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), Rupert Hogg, Gregory Hughes, Paul Loo, Martin Murray;

Non-Executive Directors: Cai Jianjiang, Ivan Chu, Michelle Low, Song Zhiyong, Merlin Swire, Samuel Swire, Xiao Feng, 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, 19th June 2018

19 June 2018

FOR IMMEDIATE RELEASE

CATHAY PACIFIC RELEASES COMBINED TRAFFIC FIGURES

FOR MAY 2018

Cathay Pacific Group today released combined Cathay Pacific and Cathay Dragon traffic figures for May 2018 that show a slight drop in the number of passengers carried and an increase in cargo and mail uplifted compared to the same month in 2017.

Cathay Pacific and Cathay Dragon carried a total of 2,827,634 passengers last month - a drop of 0.8% compared to May 2017. The passenger load factor decreased 2.2 percentage points to 82%, while capacity, measured in available seat kilometres (ASKs), increased by 2.9%. In the first five months of 2018, the number of passenger carried grew by 1.4% while capacity increased by 3%.

The two airlines carried 175,074 tonnes of cargo and mail last month, an increase of 8.2% compared to the same month last year. The cargo and mail load factor rose by 2.3 percentage points to 68.6%. Capacity, measured in available freight tone kilometres (AFTKs), was up by 3.8% while cargo and mail revenue freight tone kilometres (RFTKs) increased by 7.4%. In the first five months of 2018, the tonnage rose by 7.9% against a 4.5% increase in capacity and a 7.7% increase in RFTKs.

Cathay Pacific Director Commercial and Cargo Ronald Lam said: "May is traditionally a relatively slack month for leisure travel. Our overall passenger volume growth was therefore slightly slower than capacity increases. However, we saw good growth in overall yield, mainly driven by healthy business travel demand and favourable currency trends.

"In terms of cargo, we had stable uplift in May. Higher transshipment flow across the network helped improve our load factor, while yield also strengthened. Our new European routes to Brussels, Copenhagen and Dublin were all launched smoothly and are performing in line with our expectations."

The full May figures are on the next page.

CATHAY PACIFIC / CATHAY DRAGON COMBINED TRAFFIC

MAY

2018

% Change

VS MAY 2017

Cumulative

MAY 2018

% Change

YTD

RPK (000)

- Mainland China

756,423

-0.1%

3,834,534

2.9%

- North East Asia

1,237,894

0.5%

6,676,030

0.8%

- South East Asia

1,429,593

-0.8%

7,402,587

0.4%

- India, Middle East, Pakistan & Sri Lanka

596,297

-2.6%

2,903,640

-1.7%

- South West Pacific & South Africa

1,175,590

-4.8%

7,371,796

1.2%

- North America

3,064,409

-1.8%

14,145,848

1.4%

- Europe

2,120,585

8.3%

10,567,326

7.3%

RPK Total (000)

10,380,791

0.2%

52,901,761

2.2%

Passengers carried

2,827,634

-0.8%

14,559,319

1.4%

Cargo and mail revenue tonne km (000)

965,348

7.4%

4,802,950

7.7%

Cargo and mail carried (000kg)

175,074

8.2%

857,897

7.9%

Number of flights

6,779

2.1%

33,722

2.3%

CATHAY PACIFIC / CATHAY DRAGON COMBINED CAPACITY

MAY

2018

% Change

VS MAY 2017

Cumulative

MAY 2018

% Change

YTD

ASK (000)

- Mainland China

1,001,486

-0.1%

4,929,617

0.0%

- North East Asia

1,626,562

5.0%

8,147,343

1.7%

- South East Asia

1,814,610

3.0%

8,887,038

2.0%

- India, Middle East, Pakistan & Sri Lanka

734,387

3.0%

3,588,290

1.2%

- South West Pacific & South Africa

1,513,165

-5.9%

8,982,224

5.4%

- North America

3,382,656

-2.2%

16,093,206

-1.4%

- Europe

2,589,715

17.2%

12,348,089

11.5%

ASK Total (000)

12,662,581

2.9%

62,975,807

3.0%

Passenger load factor

82.0%

-2.2pt

84.0%

-0.7pt

Available cargo/mail tonne km (000)

1,407,234

3.8%

7,086,798

4.5%

Cargo and mail load factor

68.6%

2.3pt

67.8%

2.0pt

ATK (000)

2,611,122

3.4%

13,074,810

3.8%

Media Contact:

Email:press@cathaypacific.com

Tel: +852 2747 5393

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 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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Cathay Pacific Airways Ltd. published this content on 19 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 June 2018 09:42:03 UTC