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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 10th December 2003

Cathay Pacific Releases November 2003 Traffic Figures

Cathay Pacific Airways today released traffic figures for November 2003 that show continued strong demand in the passenger market and a month of near-record tonnage for cargo.

In November the airline carried 1,002,040 passengers, down slightly from the 1,017,884 passengers carried in October but a rise of 0.9 percent year-on-year. The average passenger load factor for the month was 74.4 percent, a rise of 1 percentage point on November 2002. This increase in load factor comes despite the airline increasing the number of flights by 2.7 percent over the same period last year.

The freight market remained very buoyant in November and Cathay Pacific carried 86,673 tonnes of cargo - down on the record 87,275 tonnes carried in October but an increase of 3.5 percent over November 2002.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "November is usually quieter than October on the passenger side so we didn't reach the highs of the previous month. However, demand remained buoyant for both business and leisure traffic and there were encouraging yield trends, mainly due to healthy front-end demand but also because of a higher ratio of independent travellers to group traffic."

Cathay Pacific General Manager Cargo Kenny Tang said: "The fourth quarter is traditionally busy in the air cargo business and the tonnage carried in November was not far off the highs of the previous month. Growth in November was mainly driven by exports out of Hong Kong and we ran a number of additional freighter flights to Europe to meet demand. Business was also buoyed by special charter flights arranged to carry shipments of Beaujolais wine from France to Japan."


TRAFFIC Nov 2003 % change
vs Nov 02
Cumulative
Nov 2003
Cumulative
Nov 2002
% change
RPK (000)
- Europe 942,325 3.1% 8,960,071 10,598,342 -15.5%
- Pacific and South Africa 1,862,787 4.3% 16,363,924 17,812,226 -8.1%
- North Asia 563,282 -6.9% 5,151,206 6,954,226 -25.9%
- South East Asia and Middle East 857,501 9.8% 7,647,135 9,148,095 -16.4%
RPK Total (000) 4,225,895 3.4% 38,122,336 44,512,889 -14.4%
Passengers carried 1,002,040 0.9% 8,947,490 11,216,811 -20.2%
Cargo and mail tonne km (000) 537,683 6.1% 4,806,338 4,740,020 1.4%
Freight carried (000 kg) 86,673 3.5% 793,383 807,498 -1.7%
Number of flights 2,453 2.7% 22,711 24,833 -8.5%


CAPACITY Nov 2003 % change
vs Nov 02
Cumulative
Nov 2003
Cumulative
Nov 2002
% change
ASK (000)
- Europe 1,199,410 7.5% 11,473,855 12,156,444 -5.6%
- Pacific and South Africa 2,349,842 1.0% 21,888,645 22,203,450 -1.4%
- North Asia 933,983 1.7% 8,421,418 10,048,667 -16.2%
- South East Asia and Middle East 1,199,760 -0.5% 11,490,624 12,797,049 -10.2%
ASK Total (000) 5,682,995 2.1% 53,274,542 57,205,610 -6.9%
Passenger load factor 74.4% 1.0pt 71.6% 77.8% -6.2pt
Available cargo/mail tonne km (000) 746,766 12.7% 6,985,822 6,603,243 5.8%
Cargo and mail load factor 72.0% -4.5pt 68.8% 71.8% -3.0pt
ATK(000) 1,287,495 8.0% 12,054,020 12,045,440 0.1%

* AHK European routes are included, with cumulative November 2002 figures restated for comparison purposes.


Source: Cathay Pacific Airways Limited
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