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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 9th June 2005

Cathay Pacific Releases May 2005 Traffic Figures

Cathay Pacific Airways today released traffic figures for May 2005 that show continued steady passenger and cargo volume growth on the back of increased capacity.

In May, the airline carried 1,230,482 passengers, up 15.6 percent year-on-year. There was a corresponding 11.6 percent increase in passenger capacity measured in terms of Available Seat Kilometres, or ASKs. At the same time the airline carried 90,134 tonnes of freight, a 12.8 percent increase over May 2004.

The passenger load factor was 75.7 percent, up 1.4 percentage points from May 2004, and the cargo load factor was 66.5 percent, down 3.5 points. Year to date, there was a 15.5 percent increase in the number of passenger carried over the same period last year and a corresponding 9.0 percent increase in the volume of cargo.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "Passenger numbers and revenue were up but so too was the price of fuel, the asking price for which has increased by almost two thirds in the past year. With our new summer schedule, starting 1 July, we will phase in a third daily non-stop service to Los Angeles and add a second daily flight to Ho Chi Minh City."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "We had a satisfactory May despite difficult trading conditions in Europe and Australia where over capacity is causing sharp declines in yield. High fuel prices continue to erode margins and remain a concern going forward."

TRAFFIC May 2005 % change
vs May 04
Cumulative
May 2005
Cumulative
May 2004
% change
RPK (000)
- North Asia 720,308 17.4% 3,667,698 3,028,417 21.1%
- South East Asia & Middle East 1,036,074 10.2% 5,020,636 4,519,389 11.1%
- Europe 1,095,803 8.7% 5,454,497 4,994,525 9.2%
- South West Pacific & South Africa 728,635 19.4% 4,520,674 3,577,530 26.4%
- North America 1,498,268 15.8% 6,964,632 6,004,370 16.0%
RPK Total (000) 5,079,088 13.7% 25,628,137 22,124,231 15.8%
Passengers carried 1,230,482 15.6% 6,074,916 5,261,919 15.5%
Cargo and mail tonne km (000) 535,366 7.2% 2,566,748 2,375,523 8.0%
Freight carried (000 kg) 90,134 12.8% 428,490 393,139 9.0%
Number of flights 2,799 11.6% 13,431 12,354 8.7%

CAPACITY May 2005 % change
vs May 04
Cumulative
May 2005
Cumulative
May 2004
% change
ASK (000)
- North Asia 1,102,719 5.3% 5,286,351 4,998,833 5.8%
- South East Asia & Middle East 1,415,176 8.4% 6,981,335 6,336,349 10.2%
- Europe 1,310,692 -0.6% 6,282,855 6,225,622 0.9%
- South West Pacific & South Africa 1,185,347 26.1% 6,152,448 4,949,040 24.3%
- North America 1,695,374 21.2% 8,271,477 6,830,129 21.1%
ASK Total (000) 6,709,308 11.6% 32,974,466 29,339,973 12.4%
Passenger load factor 75.7% 1.4pt 77.7% 75.4% 2.3pt
Available cargo/mail tonne km (000) 805,502 13.5% 3,924,170 3,474,208 13.0%
Cargo and mail load factor 66.5% -3.9pt 65.4% 68.4% -3.0pt
ATK (000) 1,443,623 12.7% 7,060,844 6,265,681 12.7%


Source: Cathay Pacific Airways Limited
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