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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 12th January 2005

Cathay Pacific Releases December 2004 Traffic Figures

Cathay Pacific Airways today released traffic figures for December 2004 that show passenger and cargo volumes peaked with the advent of the Christmas holidays and new records for the year as a whole as the airline introduced new flights and capacity.

The airline carried 1,272,982 passengers in December, up from 1,187,548 passengers in November as leisure traffic hit its season high ahead of Christmas. December also saw a new capacity record, measured in terms of Available Seat Kilometres, or ASKs, as additional winter schedule services and holiday flights broke the previous record set in August 2004.

Traffic was little affected by the 26 December Indian Ocean tsunami as most holiday travellers had already reached their destination by that time.

The pre-Christmas cargo peak lasted a little longer than usual, right up to the start of the holidays. The airline carried 83,148 tonnes, down slightly from 86,933 shipped in November. The average cargo load factor dipped slightly to 68.2 percent.

Cathay Pacific set new records in 2004, carrying 13,663,958 passengers and 972,416 tonnes of freight over the 12-month period. The airline increased passenger and cargo capacity, with new and more frequent services to cities including Beijing, Sydney, New York and Moscow. Three wet-lease freighter aircraft boosted the cargo fleet. Cathay Pacific takes delivery of a new B747-400 freighter next month.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "December was a good month ending a great year. Strong passenger numbers were supported by additional regional and long-haul services which strengthened our ability to generate connecting traffic through our hub in Hong Kong. Hong Kong's position as a gateway to the Mainland will be further enhanced with the launch of a new service to Xiamen and double daily services to Beijing later this year."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "Cargo growth continued to be driven by demand for exports from Southern China. Congestion in US West Coast seaports helped to boost demand for air cargo services as well. Business on trunk routes from Hong Kong to the United States, Europe and Japan remained strong throughout the year. Our service will be further improved with a new daily freighter service to Shanghai."

TRAFFIC Dec 2004 % change
vs Dec 03
Cumulative
Dec 2004
Cumulative
Dec 2003
% change
RPK (000)
- North Asia 756,557 19.5% 8,264,099 5,784,285 42.9%
- South East Asia & Middle East 1,155,228 15.1% 11,714,347 8,650,702 35.4%
- Europe 1,035,657 6.2% 12,720,958 9,935,698 28.0%
- South West Pacific & South Africa 1,084,714 25.9% 9,004,066 7,341,638 22.6%
- North America 1,336,713 13.5% 15,579,825 11,061,429 40.8%
RPK Total (000) 5,368,869 15.4% 57,283,295 42,773,752 33.9%
Passengers carried 1,272,982 14.5% 13,663,958 10,058,995 35.8%
Cargo and mail tonne km (000) 529,931 7.6% 6,007,286 5,298,993 13.4%
Freight carried (000 kg) 83,148 2.2% 972,416 874,724 11.2%
Number of flights 2,680 5.3% 30,403 25,257 20.4%

CAPACITY Dec 2004 % change
vs Dec 03
Cumulative
Dec 2004
Cumulative
Dec 2003
% change
ASK (000)
- North Asia 1,039,900 2.5% 12,289,845 9,435,538 30.3%
- South East Asia & Middle East 1,459,780 13.7% 15,764,547 12,775,053 23.4%
- Europe 1,273,610 2.8% 15,194,560 12,712,178 19.5%
- South West Pacific & South Africa 1,321,140 24.1% 12,465,595 10,108,882 23.3%
- North America 1,698,116 20.9% 18,347,862 14,248,519 28.8%
ASK Total (000) 6,792,546 13.1% 74,062,409 59,280,170 24.9%
Passenger load factor 79.0% 1.5pt 77.3% 72.2% 5.1pt
Available cargo/mail tonne km (000) 776,769 6.5% 8,747,971 7,715,117 13.4%
Cargo and mail load factor 68.2% 0.6pt 68.7% 68.7% 0.0pt
ATK(000) 1,422,919 9.4% 15,793,549 13,354,796 18.3%

TRAFFIC Dec 2002

Cumulative
Dec 2002

RPK (000)
- Europe 891,326 11,489,668
- Pacific and South Africa 2,013,595 19,825,821
- North Asia 675,228 7,629,454
- South East Asia and Middle East 947,987 10,096,078
RPK Total (000) 4,528,136 49,041,021
Passengers carried 1,104,445 12,321,873
Passengers load factor 77.5% 77.8%
Freight carried (000kg) 74,008 881,462
Cargo and mail load factor 67.6% 71.4%
ATK (000) 1,204,951 13,250,391


Source: Cathay Pacific Airways Limited
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