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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 18th March 2003

Cathay Pacific Releases February 2003 Traffic Figures

Cathay Pacific Airways today released traffic figures for the month of February 2003 that reflected seasonal swings in business influenced by the shifting date of the Chinese New Year.

In February 2003, Cathay Pacific carried 974,108 passengers, 3.3 percent up on the same month a year ago yet down from 1,084,481 passengers carried in January 2003. The passenger load factor slipped 4.2 percentage points from February 2002 because Cathay Pacific now has more aircraft in service than it did this time last year.

At the same time, Cathay Pacific carried 62,155 tonnes of cargo, down from 68,226 tonnes in January but up 4.7 percent from February 2002.

Cathay Pacific General Manager Revenue Management, Sales and Distribution Ian Shiu said: "It is always difficult to make meaningful year-on-year comparisons at this time because of the Chinese New Year - a peak travel time. If you average out both January and February figures we are still maintaining good positive growth, although First and Business Class loads are still down."

Cathay Pacific General Manager Cargo Kenny Tang said: "Volume at the start of the month was affected by the holidays - traditionally a slack period for cargo - yet picked up later in the month on all trunk routes. Year to date we have achieved 6.5 growth in terms of tonnage carried, which is a satisfactory result."

Full February 2003 figures are on the following page.

TRAFFIC

Feb 2003

% change
vs Feb 02

Cumulative
Feb 2003

Cumulative
Feb 2002

% change

RPK (000)

- Europe

804,229
2.6%
1,777,533
1,631,026
9.0%

- Pacific and South Africa

1,707,127
16.9%
3,811,322
3,211,117
18.7%

- North Asia

620,408
-0.6%
1,295,656
1,195,922
8.3%

- Southeast Asia and Middle East

781,175
3.3%
1,629,529
1,522,880
7.0%

RPK Total (000)

3,912,940
8.0%
8,514,041
7,560,945
12.6%

Pax carried

974,108
3.3%
2,058,589
1,904,148
8.1%

Cargo and mail tonne km (000)

359,854
4.1%
750,929
705,627
6.4%

Freight carried (000 kg)

62,155
4.7%
130,381
122,392
6.5%

Number of flights

2,246
10.6%
4,740
10,811
12.2%

 

CAPACITY

Feb 2003

% change
vs Feb 02

Cumulative
Feb 2003

Cumulative
Feb 2002

% change

ASK (000)

- Europe

1,025,802
3.6%
2,173,192
2,075,890
4.7%

- Pacific and South Africa

2,204,511
28.5%
4,692,751
3,787,700
23.9%

- North Asia

904,173
4.9%
1,892,551
1,744,915
8.5%

- Southeast Asia and Middle East

1,141,494
8.2%
2,400,409
2,207,519
8.7%

ASK Total (000)

5,275,981
14.1%
11,158,903
9,816,023
13.7%

Passenger load factor

74.2%
-4.2pt
76.3%
77.0%
-0.7pt

Available cargo/mail tonne km (000)

566,499
12.3%
1,220,275
1,058,929
15.2%

Cargo and mail load factor

63.5%
-5.0pt
61.5%
66.6%
-5.1pt

ATK(000)

1,068,362
13.1%
2,281,813
1,992,750
14.5%

* AHK European routes are included and traffic statistics figures are restated from July 2001 for comparison purpose.

- End -

Source: Cathay Pacific Airways Limited
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