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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 12 October 2005

Cathay Pacific Releases September 2005 Traffic Figures

Cathay Pacific Airways today released improved passenger and cargo traffic figures for September 2005. Although the latest Bali bomb attacks had minimal impact on passenger numbers rising fuel prices may be contributing to weaker advance bookings.

The airline carried 1,245,828 passengers in September, a 13.8 percent increase year-on-year, just ahead of a corresponding 12.7 percent increase in passenger capacity, measured in terms of Available Passenger Kilometres, or ASKs. The passenger load factor increased to 76.4 percent, up 1.2 percentage points from the same month last year, helped by the Chinese Mainland's Golden Week holiday.

Cathay Pacific carried 100,292 tonnes of cargo, up 19.8 percent from September last year, a figure that includes significant transhipment tonnage growth. Increased competition on key trunk routes to the US and Europe added to downward pressure on yield. The cargo load factor dipped slightly to 68.7 percent.

Recent market jet fuel prices have topped US$85 a barrel, up by more than one-third from the first half of this year.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "Passenger growth is keeping pace with increased capacity, yet increased uncertainty has been created by high fuel prices. Although there is no obvious trend in passenger numbers, increasingly late bookings have added to the sense of market volatility and weakened pricing."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "September's high tonnage growth, boosted by transhipment, masks the softening in demand for exports from China, including a slowdown in garment shipments. We have seen a significant increase in cargo capacity in the market in the last few months and remain highly concerned about the pressure on yields and loads, particularly in the context of high jet fuel prices."

TRAFFIC Sep 2005 % change vs
Sep 04
Cumulative
Sep 2005
Cumulative
Sep 2004
% change
RPK (000)
- North Asia 768,290 7.6% 6,936,737 6,087,051 14.0%
- South East Asia & Middle East 1,026,040 16.2% 9,558,277 8,559,549 11.7%
- Europe 1,302,964 15.6% 10,555,363 9,487,235 11.3%
- South West Pacific & South Africa 813,173 24.6% 7,940,182 6,261,128 26.8%
- North America 1,417,785 11.1% 13,130,648 11,548,183 13.7%
RPK Total (000) 5,328,252 14.5% 48,121,207 41,943,146 14.7%
Passengers carried 1,245,828 13.8% 11,437,074 10,035,738 14.0%
Cargo and mail tonne km (000) 580,991 12.5% 4,786,418 4,351,924 10.0%
Freight carried (000 kg) 100,292 19.8% 808,961 711,801 13.6%
Number of flights 2,810 12.1% 24,764 22,516 10.0%

CAPACITY Sep 2005 % change vs
Sep 04
Cumulative
Sep 2005
Cumulative
Sep 2004
% change
ASK (000)
- North Asia 1,084,459 5.1% 9,708,792 9,236,254 5.1%
- South East Asia & Middle East 1,437,860 13.7% 12,814,300 11,620,519 10.3%
- Europe 1,403,885 10.9% 11,902,409 11,381,347 4.6%
- South West Pacific & South Africa 1,153,560 17.1% 10,861,578 8,855,381 22.7%
- North America 1,891,034 15.4% 15,591,943 13,285,698 17.4%
ASK Total (000) 6,970,798 12.7% 60,879,022 54,379,199 12.0%
Passenger load factor 76.4% 1.2pt 79.0% 77.1% 1.9pt
Available cargo/mail tonne km (000) 845,482 13.9% 7,224,398 6,360,542 13.6%
Cargo and mail load factor 68.7% -0.9pt 66.3% 68.4% -2.1pt
ATK (000) 1,508,481 13.4% 13,015,114 11,533,754 12.8%


Source: Cathay Pacific Airways Limited
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