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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 10th February 2004

Cathay Pacific Releases January 2004 Traffic Figures

Cathay Pacific Airways today released traffic figures for January 2004 that show continued positive growth for cargo and a record month for the airline's passenger business.

January was the airline's best month on record for passenger numbers. The airline carried 1,127,993 passengers, up from 1,111,505 in December 2003 and a 4.0 percent gain on the same month last year. On 25 January, the fourth day of the Chinese New Year holiday, the airline carried 42,922 passengers, a new one-day record. Over the holiday period, the airline operated 66 extra pairs of flights to meet peak demand.

Cargo continued its strong performance. The airline carried 69,702 tonnes of freight in January, up 2.2 percent on the same month last year, despite the short build-up to the Chinese New Year and the seasonal slowdown following the holiday. Last year's New Year fell in early February.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "January was clearly our best month ever, and holiday travel demand outweighed the fact that January is not a busy month for business travel. January's figures also show that the airline has, as yet, felt no real impact from concerns about avian flu."

Cathay Pacific General Manager Cargo Kenny Tang said: "Even though the early arrival of the Chinese New Year cut short the traditionally busy run-up to the holiday, we still produced positive tonnage growth on January 2003. It is an encouraging start to the year."


TRAFFIC Jan 2004 % change
vs Jan 03
Cumulative
Jan 2004
Cumulative
Jan 2003
% change
RPK (000)
- North Asia 665,576 -1.4%665,576 675,248 -1.4%
- South East Asia & Middle East 949,690 11.9% 949,690 848,354 11.9%
- Europe 1,021,219 4.9% 1,021,219 973,304 4.9%
- South West Pacific & South Africa899,6273.0%899,627873,1213.0%
- North America 1,242,505 0.9% 1,242,5051,231,074 0.9%
RPK Total (000) 4,778,617 3.9% 4,778,617 4,601,101 3.9%
Passengers carried 1,127,993 4.0% 1,127,993 1,084,481 4.0%
Cargo and mail tonne km (000) 409,247 4.6%409,247391,075 4.6%
Freight carried (000 kg) 69,702 2.2%69,70268,226 2.2%
Number of flights 2,550 2.2%2,5502,494 2.2%

CAPACITY Jan 2004 % change
vs Jan 03
Cumulative
Jan 2004
Cumulative
Jan 2003
% change
ASK (000)
- North Asia1,034,981 4.7%1,034,981 988,378 4.7%
- South East Asia & Middle East 1,294,426 2.8%1,294,4261,258,915 2.8%
- Europe1,241,016 8.2% 1,241,0161,147,390 8.2%
- South West Pacific & South Africa1,062,9231.1%1,062,9231,050,8521.1%
- North America1,398,895 -2.7% 1,398,8951,437,388 -2.7%
ASK Total (000) 6,032,241 2.5% 6,032,241 5,882,923 2.5%
Passenger load factor 79.2% 1.0pt 79.2% 78.2% 1.0pt
Available cargo/mail tonne km (000) 689,070 5.4%689,070653,776 5.4%
Cargo and mail load factor 59.4% -0.4pt 59.4% 59.8% -0.4pt
ATK(000) 1,262,995 4.1% 1,262,9951,213,451 4.1%


Source: Cathay Pacific Airways Limited
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