Cathay Pacific Airways Limited

FOR IMMEDIATE RELEASE	18th October 2001
Cathay Pacific Releases September Traffic Figures
Cathay Pacific Airways saw passenger and cargo numbers decline substantially during September due to the general economic slowdown and the impact of the US terrorist attacks on travel and tourism demand. The number of passengers carried declined by 12.1% compared to the same month in 2000 to 871,126, and the amount of cargo carried fell 12.2% to 61,420 tonnes. Trans-Pacific routes were the worst affected with revenue passenger kilometres (RPKs) falling by 17.6%. Southeast Asian routes were less affected with RPKs falling a more modest 4.9%. The overall passenger load factor was 68.4%, a fall of 7.3 percentage points. Passenger yields continued to decline due to the weakness in demand for First and Business Class travel. This year's trend of falling cargo yields also continued. Cathay Pacific's General Manager Network Revenue Ian Shiu said: "The significant decline in passengers and cargo can be attributed to the general economic slowdown and the impact of the tragic events of 11 September. We expect market conditions to remain very challenging for the foreseeable future." TRAFFIC September 2001 Change vs September 2000 Cumulative Jan - Sep 2001 Cumulative Jan - Sep 2000 Change RPK (000) - Europe 961,682 -14.9% 8,399,462 8,913,936 -5.8% - Pacific and South Africa 1,294,235 -17.6% 13,820,635 14,306,480 -3.4% - North Asia 575,283 -10.7% 5,528,563 5,491,073 0.7% - Southeast Asia and Middle East 673,511 -4.9% 6,591,204 6,547,506 0.7% RPK Total (100) 3,504,712 -13.5% 34,339,865 35,258,997 -2.6% Passengers carried 871,126 -12.1% 8,644,470 8,921,205 -3.1% Cargo and mail tonne km (000) 349,403 -7.9% 2,806,890 2,971,887 -5.6% Freight carried (000 kg) 61,420 -12.2% 504,805 557,543 -9.5% Number of flights 2,180 3.6% 19,450 18,075 7.6% CAPACITY September 2001   Change vs Sep 2000 Cumulative Jan - Sep 2001 Cumulative Jan - Sep 2000 Change ASK (000) - Europe 1,100,885 -12.5% 10,564,222 10,761,589 -1.8% - Pacific and South Africa 1,993,992 -9.1% 19,143,757 18,621,930 2.8% - North Asia 856,339 4.1% 7,649,482 7,386,244 3.6% - Southeast Asia and Middle East 1,169,616 8.8% 10,342,258 8,783,914 17.7% ASK Total (100) 5,120,832 -4.3% 47,699,719 45,553,677 4.7% Pax load factor 68.4% -7.3pt 72.0% 77.4% -5.4pt Available cargo and mail tonne km (000) 491,889 -5.0% 4,290,930 4,134,902 3.8% Cargo and mail load factor (000 kg) 71.0% -2.2pt 65.4% 71.9% -6.5pt ATK(000) 978,976 -4.6% 8,827,948 8,469,568 4.2%

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