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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 11th April 2005

Cathay Pacific Releases March 2005 Traffic Figures

Cathay Pacific Airways today released traffic figures for March 2005 that show continued strong passenger growth yet a more conservative improvement in cargo both during the month and cumulatively over the first quarter.

In March the airline carried 1,262,901 passengers, up from 1,158,154 in February, with an upturn in leisure travel over the Easter holiday and an inbound influx for the Rugby World Cup Sevens tournament.

At the same time the airline carried 96,860 tonnes of freight in March, an 8.1 percent increase from 73,420 tonnes carried in February. The March cargo load factor dipped 5.7 percentage points from the same month last year to 67.3 percent as US charter operators injected more temporary capacity into the market in response to the usual end of quarter cargo peak.

Cumulatively over the quarter, the airline recorded a 17.1 percent increase in the number of passengers carried - ahead of a corresponding 12.8 percent increase in capacity measured in terms of Available Seat Kilometres. Cargo grew a slower 3.8 percent over the period.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "A good Easter and the Rugby Sevens contributed to strong continued passenger growth. Still, competition and pricing on both regional and long-haul services remained keen, even on routes with high loads. Rising fuel prices continued to erode the bottom line as surcharges only partially covered our additional costs. "

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "The end of quarter peak in shipments out of Hong Kong was, as usual, met with a spike in the number of US charters. So even though demand was strong there was plenty of capacity in the market to cover it. At the same time, the empty space that charters created flying to Hong Kong tended to dilute inbound yields. Rising fuel prices have now pushed the cargo fuel surcharge into the highest band currently permitted by the Hong Kong Civil Aviation Department."

TRAFFIC Mar 2005 % change
vs Mar 04
Cumulative
Mar 2005
Cumulative
Mar 2004
% change
RPK (000)
- North Asia 756,875 30.3% 2,236,625 1,758,414 27.2%
- South East Asia & Middle East 1,079,727 23.4% 2,964,771 2,609,855 13.6%
- Europe 1,122,933 8.6% 3,253,827 2,989,794 8.8%
- South West Pacific & South Africa 914,610 35.7% 2,965,860 2,300,565 28.9%
- North America 1,451,044 21.2% 4,089,398 3,513,856 16.4%
RPK Total (000) 5,325,189 22.1% 15,510,481 13,172,484 17.7%
Passengers carried 1,262,901 21.8% 3,627,839 3,098,220 17.1%
Cargo and mail tonne km (000) 573,031 4.5% 1,484,749 1,407,583 5.5%
Freight carried (000 kg) 96,860 8.1% 245,209 236,242 3.8%
Number of flights 2,789 10.1% 7,916 7,393 7.1%

CAPACITY Mar 2005 % change
vs Mar 04
Cumulative
Mar 2005
Cumulative
Mar 2004
% change
ASK (000)
- North Asia 1,064,866 7.1% 3,134,264 2,945,150 6.4%
- South East Asia & Middle East 1,455,135 14.8% 4,185,424 3,739,568 11.9%
- Europe 1,267,546 1.7% 3,701,971 3,649,255 1.4%
- South West Pacific & South Africa 1,295,979 25.6% 3,803,307 3,090,472 23.1%
- North America 1,699,064 22.4% 4,926,320 4,082,133 20.7%
ASK Total (000) 6,782,590 14.4% 19,751,286 17,506,578 12.8%
Passenger load factor 78.5% 4.9pt 78.5% 75.2% 3.3pt
Available cargo/mail tonne km (000) 851,370 13.4% 2,310,494 2,093,601 10.4%
Cargo and mail load factor 67.3% -5.7pt 64.3% 67.2% -2.9pt
ATK(000) 1,496,628 13.8% 4,189,406 3,759,312 11.4%


Source: Cathay Pacific Airways Limited
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