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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 9th August 2004

Cathay Pacific Releases July 2004 Traffic Figures

Cathay Pacific Airways today released traffic figures for July 2004, a month that saw holiday traffic set a new one-month passenger record and an upturn in cargo carried as well.

In July, the airline carried 1,268,634 passengers, a new one-month record, up from 1,142,345 carried in June. A new one-day passenger record of 45,803 was set on 4 July, beating a week-old record of 45,331 passengers set on 27 June.

High passenger numbers were produced by an 81.3 percent average passenger load factor, the highest so far this year, along with a new record one-month passenger capacity, measured in terms of Available Seat Kilometres, or ASKs.

The airline carried 80,811 tonnes of cargo in July, up from 76,769 tonnes in June.
The cargo load factor was 69.6 percent, marginally down from 70.2 percent last month.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "The arrival of the summer travel peak and an increase in capacity both contributed to a record number of passengers travelling with the airline in July. Figures were boosted by the popularity of our non-stop New York service, which has been at near capacity during its first month in operation."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "Re-exports from Hong Kong to North America and Australia remained strong in July and we expect that overall cargo demand will begin to build in late August as the seasonal peak begins. Fuel accounts for a large proportion of cargo's operating costs, so its current high level remains a serious concern."


TRAFFIC July 2004 % change
vs July 03
Cumulative
July 2004
Cumulative
July 2003
% change
RPK (000)
- North Asia 820,038 73.4% 4,517,099 2,739,337 64.9%
- South East Asia and Middle East 1,068,546 37.7% 6,576,259 4,237,696 55.2%
- Europe 1,163,219 24.0% 7,235,138 4,751,796 52.3%
- South West Pacific & South Africa 718,701 16.9% 4,965,100 3,753,836 32.3%
- North America 1,484,086 55.4% 8,795,595 5,551,305 58.4%
RPK Total (000) 5,254,590 39.9% 32,089,191 21,033,670 52.6%
Passengers carried 1,268,634 45.1% 7,672,898 4,892,852 56.8%
Cargo and mail tonne km (000) 508,178 24.2% 3,350,717 2,853,655 17.4%
Freight carried (000 kg) 80,811 20.0% 550,719 473,332 16.3%
Number of flights 2,596 39.0% 17,388 13,246 31.3%


CAPACITY July 2004 % change
vs July 03
Cumulative
July 2004
Cumulative
July 2003
% change
ASK (000)
- North Asia 1,090,887 61.8% 7,105,721 4,751,024 49.6%
- South East Asia and Middle East 1,349,226 36.9% 8,967,773 6,836,395 31.2%
- Europe 1,316,530 23.6% 8,806,601 6,546,193 34.5%
- South West Pacific & South Africa 998,798 40.0% 6,885,113 5,471,252 25.8%
- North America 1,707,287 61.4% 9,947,412 7,722,723 28.8%
ASK Total (000) 6,462,728 43.7% 41,712,620 31,327,587 33.1%
Passenger load factor 81.3% -2.3pt 76.9% 67.1% 9.8pt
Available cargo/mail tonne km (000) 730,055 18.7% 4,869,855 4,149,622 17.4%
Cargo and mail load factor 69.6% 3.1pt 68.8% 68.8% 0.0pt
ATK(000) 1,344,770 29.0% 8,838,162 7,129,688 24.0%



TRAFFIC July 2002

Cumulative
July 2002

RPK (000)
- Europe 1,104,670 6,506,389
- Pacific and South Africa 1,758,771 10,908,958
- North Asia 674,895 4,351,288
- South East Asia and Middle East 901,904 5,745,509
RPK Total (000) 4,440,240 27,512,145
Passengers carried 1,109,918 7,042,000
Passengers load factor 82.0% 78.7%
Freight carried (000kg) 72,343 488,018
Cargo and mail load factor 71.8% 71.0%
ATK (000) 5,412,725 34,950,027


Source: Cathay Pacific Airways Limited
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