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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 18th October 2001

Cathay Pacific Releases September Traffic Figures

Cathay Pacific Airways saw passenger and cargo numbers decline substantially during September due to the general economic slowdown and the impact of the US terrorist attacks on travel and tourism demand. The number of passengers carried declined by 12.1% compared to the same month in 2000 to 871,126, and the amount of cargo carried fell 12.2% to 61,420 tonnes.

Trans-Pacific routes were the worst affected with revenue passenger kilometres (RPKs) falling by 17.6%. Southeast Asian routes were less affected with RPKs falling a more modest 4.9%. The overall passenger load factor was 68.4%, a fall of 7.3 percentage points. Passenger yields continued to decline due to the weakness in demand for First and Business Class travel. This year's trend of falling cargo yields also continued.

Cathay Pacific's General Manager Network Revenue Ian Shiu said: "The significant decline in passengers and cargo can be attributed to the general economic slowdown and the impact of the tragic events of 11 September. We expect market conditions to remain very challenging for the foreseeable future."

TRAFFIC

September 2001

Change
vs September 2000

Cumulative
Jan - Sep 2001

Cumulative
Jan - Sep 2000

Change

RPK (000)

- Europe

961,682
-14.9%
8,399,462
8,913,936
-5.8%

- Pacific and South Africa

1,294,235
-17.6%
13,820,635
14,306,480
-3.4%

- North Asia

575,283
-10.7%
5,528,563
5,491,073
0.7%

- Southeast Asia and Middle East

673,511
-4.9%
6,591,204
6,547,506
0.7%

RPK Total (100)

3,504,712
-13.5%
34,339,865
35,258,997
-2.6%

Passengers carried

871,126
-12.1%
8,644,470
8,921,205
-3.1%

Cargo and mail tonne km (000)

349,403
-7.9%
2,806,890
2,971,887
-5.6%

Freight carried (000 kg)

61,420
-12.2%
504,805
557,543
-9.5%

Number of flights

2,180
3.6%
19,450
18,075
7.6%


CAPACITY

September 2001

 

Change
vs Sep 2000

Cumulative
Jan - Sep 2001

Cumulative
Jan - Sep 2000

Change

ASK (000)

- Europe

1,100,885
-12.5%
10,564,222
10,761,589
-1.8%

- Pacific and South Africa

1,993,992
-9.1%
19,143,757
18,621,930
2.8%

- North Asia

856,339
4.1%
7,649,482
7,386,244
3.6%

- Southeast Asia and Middle East

1,169,616
8.8%
10,342,258
8,783,914
17.7%

ASK Total (100)

5,120,832
-4.3%
47,699,719
45,553,677
4.7%

Pax load factor

68.4%
-7.3pt
72.0%
77.4%
-5.4pt

Available cargo and mail tonne km (000)

491,889
-5.0%
4,290,930
4,134,902
3.8%

Cargo and mail load factor (000 kg)

71.0%
-2.2pt
65.4%
71.9%
-6.5pt

ATK(000)

978,976
-4.6%
8,827,948
8,469,568
4.2%


Source: Cathay Pacific Airways Limited
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