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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 16 November 2001

CATHAY PACIFIC RELEASES OCTOBER TRAFFIC FIGURES


Cathay Pacific Airways saw continuing weakness in demand for both passenger and cargo services in October due to the global economic downturn and the consequences of September's tragic events. The number of passengers carried declined to 834,086, 16.6% less than the same month last year. The amount of cargo carried was 67,258 tonnes, 9.2% lower than the same month last year.

Overall, the volume of passenger traffic, measured in revenue passenger kilometres (RPKs), was 18% lower than the comparable figure in October 2000. The passenger load factor for the month was 64.5%, compared to 74.0% in October last year. Both passenger and cargo yields have also declined as a result of weaker demand.

Cathay Pacific's General Manager Revenue Management, Sales & Distribution Ian Shiu said: "The October figures provide a clear illustration of widespread market weakness in demand for both passenger and cargo services. We have responded with selective reductions in frequency and schedule capacity, but remain focused on maintaining the integrity of our network and progressively rebuilding public confidence."

TRAFFIC

October 2001

% change
vs Oct2000

Cumulative
Jan - Oct 2001

Cumulative
Jan - Oct 2000

% change

RPK (000)

- Europe

879,819
-18.9%
9,279,281
9,999,374
-7.2%

- Pacific and South Africa

1,325,715
-18.1%
15,146,351
15,925,783
-4.9%

- North Asia

501,200
-20.6%
6,029,763
6,122,078
-1.5%

- Southeast Asia and Middle East

625,931
-14.0%
7,217,135
7,274,931
-0.8%

RPK Total (000)

3,332,665
-18.0%
37,672,532
39,322,168
-4.2%

Pax carried

834,086
-16.6%
9,478,555
9,920,998
-4.5%

Cargo and mail tonne km (000)

380,579
-9.2%
3,187,469
3,391,083
-6.0%

Freight carried (000 kg)

67,258
-9.2%
572,063
631,606
-9.4%

Number of flights

2,209
0.8%
21,659
20,266
6.9%


CAPACITY

October 2001

% change
vs Oct 2000

Cumulative
Jan - Oct 2001

Cumulative
Jan - Oct 2000

% change

ASK (000)

- Europe

1,130,091
-12.0%
11,694,313
12,045,090
-2.9%

- Pacific and South Africa

2,041,725
-9.8%
21,185,482
20,886,261
1.4%

- North Asia

878,416
3.7%
8,527,897
8,233,585
3.6%

- Southeast Asia and Middle East

1,117,276
1,7%
11,459,534
9,882,438
16.0%

ASK Total (000)

5,167,508
-5.9%
52,867,227
51,047,374
3.6%

Pax load factor

64.5%
-9.5pt
71.3%
77.0%
-5.8pt

Available cargo and mail tonne km (000)

520,912
-6.6%
4,811,843
4,692,412
2.5%

Cargo and mail load factor (000 kg)

73.1%
-2.1pt
66.2%
72.3%
-6.0pt

ATK(000)

1,012,431
-6.3%
9.840,380
9,549,721
3.0%


Source: Cathay Pacific Airways Limited
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