irasia.com

Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 18th December 2001

Cathay Pacific releases November traffic figures

Cathay Pacific Airways continued to experience poor market conditions in November as a result of the deepening global economic downturn and weak travel demand. The number of passengers carried was 803,656, 13.8% less than in the same month last year. The volume of passenger traffic, measured in revenue passenger kilometres (RPKs), was 15.3% lower than the comparable figure for November 2000, with North Asian routes showing particular weakness. The amount of cargo carried was 67,538 tonnes, 6.5% lower than the same month last year.

For the first eleven months of 2001 the number of passengers carried was down 5.3%, and the amount of cargo carried was down 9.1% compared to the same period last year.

Cathay Pacific's General Manager Revenue Management, Sales & Distribution Ian Shiu said: "The November figures show a continuation of the pattern of weak market demand for both passenger and cargo services. Load factors are still down, and yields have also fallen as a result of weak front-end demand and the introduction of various initiatives to match aggressive pricing activities launched by competitors. We expect market conditions to remain challenging for the foreseeable future."



TRAFFIC

November 2001

% change
vs Nov 2000

Cumulative
Jan - Nov 2001

Cumulative
Jan - Nov 2000

% change

RPK (000)

- Europe

759,131
-13.5%
10,038,414
10,877,012
-7.7%

- Pacific and South Africa

1,325,893
-16.5%
16,472,245
17,512,776
-5.9%

- North Asia

465,618
-22.1%
6,495,382
6,720,111
-3.3%

- Southeast Asia and Middle East

643,082
-9.3%
7,860,217
7,984,120
-1.6%

RPK Total (000)

3,193,724
-15.3%
40,866,257
43,094,020
-5.2%

Pax carried

803,656
-13.8%
10,282,210
10,853,654
-5.3%

Cargo and mail tonne km (000)

384,114
-6.5%
3,571,582
3,801,926
-6.1%

Freight carried (000 kg)

67,538
-6.5%
639,601
703,872
-9.1%

Number of flights

2,078
-1.9%
23,738
22,385
6.0%

CAPACITY

November 2001

% change
vs Nov 2000

Cumulative
Jan - Nov 2001

Cumulative
Jan - Nov 2000

% change

ASK (000)

- Europe

1,042,937
-15.0%
12,737,250
13,271,432
-4.0%

- Pacific and South Africa

1,802,313
-17.9%
22,987,795
23,082,013
-0.4%

- North Asia

852,918
3.3%
9,380,815
9,059,134
3.6%

- Southeast Asia and Middle East

999,740
-6.7%
12,459,274
10,953,581
13.7%

ASK Total (000)

4,697,907
-11.7%
57,565,134
56,366,160
2.1%

Pax load factor

68.0%
-2.9pt
71.0%
76.5%
-5.5pt

Available cargo and mail tonne km (000)

520,837
-4.4%
5,332,680
5,237,424
1.8%

Cargo and mail load factor (000 kg)

73.7%
-1.6pt
67.0%
72.6%
-5.6pt

ATK(000)

967,775
-7.9%
10,808,155
10,600,676
2.0%


Source: Cathay Pacific Airways Limited
  • Press Releases
  • Company's Index
  • irasia.com

  • © Copyright 1996-2022 irasia.com Ltd. All rights reserved.
    DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website.
    TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited.
    TERMS OF USE: Please read the Terms of Use governing the use of our website.