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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 11th November 2004

Cathay Pacific Releases October 2004 Traffic Figures

Cathay Pacific Airways today released traffic figures for October 2004 that show passenger and cargo volumes grew as the airline further increased capacity.

The airline carried 1,167,690 passengers, up from 1,094,497 passengers carried in September, on the back of record October passenger capacity measured in terms of Available Seat Kilometres, or ASKs. This October's ASK total was 10 percent greater than in October 2003 and 13 percent more than in 2002.

October's passenger load factor also edged higher to 77.6 percent, up from 75.2 percent the month before. Business traffic spiked with the advent of trade fairs in Hong Kong, the Mainland and Europe.

Cathay Pacific carried 90,533 tonnes of cargo in October, up from 83,687 tonnes in September as the airline incorporated a third wet-leased freighter into its fleet to boost capacity over the year-end peak period. Cathay Pacific will take delivery of a new Boeing 747-400F freighter of its own early next year.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "October was a strong month in terms of passenger numbers and revenue, with First and Business Class cabins on average almost two-thirds full. Yet margins were squeezed as jet fuel prices peaked in October."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "October and November are peak months for air cargo and demand out of Hong Kong to Europe and United States is very strong. Cathay Pacific cargo tonnage is expected to reach a new record high in November but high fuel prices continue to have a negative impact on our bottom line."

TRAFFIC Oct 2004 % change
vs Oct 03
Cumulative
Oct 2004
Cumulative
Oct 2003
% change
RPK (000)
- North Asia727,344 22.4% 6,814,395 4,587,924 48.5%
- South East Asia and Middle East 945,776 8.8% 9,505,325 6,789,634 40.0%
- Europe1,162,541 9.0% 10,649,775 8,017,746 32.8%
- South West Pacific & South Africa770,989 12.7%7,032,117 5,739,64322.5%
- North America 1,369,697 25.8% 12,917,880 8,761,494 47.4%
RPK Total (000) 4,976,347 15.7% 46,919,492 33,896,441 38.4%
Passengers carried 1,167,690 14.7% 11,203,428 7,945,450 41.0%
Cargo and mail tonne km (000) 569,938 7.7%4,921,861 4,268,663 15.3%
Freight carried (000 kg) 90,533 3.7%802,334 706,710 13.5%
Number of flights 2,608 4.1%25,124 20,258 24.0%

CAPACITY Oct 2004 % change
vs Oct 03
Cumulative
Oct 2004
Cumulative
Oct 2003
% change
ASK (000)
- North Asia1,042,293 5.3%10,278,547 7,487,434 37.3%
- South East Asia and Middle East 1,323,025 7.4%12,943,544 10,290,864 25.8%
- Europe1,318,647 4.3% 12,699,994 10,274,445 23.6%
- South West Pacific & South Africa 1,025,810 9.3%9,881,191 8,038,957 22.9%
- North America1,704,475 21.8% 14,990,173 11,499,846 30.4%
ASK Total (000) 6,414,250 10.1% 60,793,449 47,591,546 27.7%
Passenger load factor 77.6% 3.7pt 77.2% 71.2% 6.0pt
Available cargo/mail tonne km (000) 799,498 8.3% 7,160,040 6,239,055 14.8%
Cargo and mail load factor 71.3% -0.4pt 68.7% 68.4% 0.3pt
ATK(000) 1,409,687 9.1% 12,943,440 10,766,525 20.2%

CAPACITY Oct 2002

Cumulative
Oct 2002

RPK (000)
- Europe1,054,898 9,684,651
- Pacific and South Africa 1,735,504 16,026,530
- North Asia632,812 6,349,132
- South East Asia and Middle East868,287 8,367,081
RPK Total (000) 4,291,501 40,427,394
Passengers carried 1,054,931 10,224,073
Passengers load factor 75.8% 78.3%
Freight carried (000kg) 85,214 723,778
Cargo and mail load factor 76.5% 71.3%
ATK (000)1,214,048 10,853,385


Source: Cathay Pacific Airways Limited
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