Cathay Pacific Airways Limited

18 September 2001

Cathay Pacific releases August traffic figures

Cathay Pacific Airways carried 1,031,287 passengers in August, 5.2% fewer than in the same month last year. This was still well above the 851,074 passengers carried in July, when operations were significantly impacted by Typhoon Utor and the pilot union's industrial action. For the first eight months of the year, total passenger numbers have declined by 2% compared to the same period in 2000. August saw continued weakness in cargo operations. A total of 53,942 tonnes of cargo was carried, a decline of 16.4% compared to the same month a year earlier. The cargo load factor was 63.9%, a decline of 5.5 percentage points. For the first eight months of the year, the amount of cargo carried has fallen by 9.1%. Cathay Pacific's General Manager Network Revenue Ian Shiu said: "During August we operated a full schedule as operations effectively returned to normal. At the same time however there was further evidence of weak traffic demand as a result of the global economic slowdown."

TRAFFIC August 2001 % change vs Aug 2000 Cumulative Jan - Aug 2001 Cumulative Jan - Aug 2000 % change RPK (000) - Europe 1,021,834 -9.3% 7,437,781 7,783,649 -4.4% - Pacific and South Africa 1,588,583 -5.6% 12,526,400 12,736,175 -1.6% - North Asia 705,918 -0.6% 4,953,280 4,846,665 2.2% - Southeast Asia and Middle East 759,871 -4.9% 5,917,693 5,839,580 1.3% RPK Total (100) 4,076,206 -5.6% 30,835,154 31,206,069 -1.2% Pax carried 1,031,287 -5.2% 7,773,344 7,930,221 -2.0% Cargo and mail tonne km (000) 309,722 -9.8% 2,457,487 2,592,653 -5.2% Freight carried (000 kg) 53,942 -16.4% 443,385 487,577 -9.1% Number of flights 2,180 4.0% 17,270 15,970 8.1% CAPACITY August 2001 % change vs Aug 2000 Cumulative Jan - Aug 2001 Cumulative Jan - Aug 2000 % change ASK (000) - Europe 1,148,159 -8.1% 9,463,338 9,503,346 -0.4% - Pacific and South Africa 2,022,686 -2.3% 17,149,765 16,428,555 4.4% - North Asia 889,231 5.1% 6,793,143 6,563,886 3.5% - Southeast Asia and Middle East 1,112,073 7.9% 9,172,642 7,708,563 19.0% ASK Total (100) 5,172,149 -0.5% 42,578,887 40,204,348 5.9% Pax load factor 78.8% -4.3pt 72.4% 77.6% -5.2pt Available cargo and mail tonne km (000) 484,636 -2.1% 3,799,041 3,617,290 5.0% Cargo and mail load factor (000 kg) 63.9% -5.5pt 64.7% 71.7% -7.0pt ATK(000) 976,515 -1.3% 7,848,973 7,443,025 5.5%

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