Cathay Pacific Airways Limited

FOR IMMEDIATE RELEASE

18th December 2001

Cathay Pacific Airways continued to experience poor market conditions in November as a result of the deepening global economic downturn and weak travel demand. The number of passengers carried was 803,656, 13.8% less than in the same month last year. The volume of passenger traffic, measured in revenue passenger kilometres (RPKs), was 15.3% lower than the comparable figure for November 2000, with North Asian routes showing particular weakness. The amount of cargo carried was 67,538 tonnes, 6.5% lower than the same month last year.

For the first eleven months of 2001 the number of passengers carried was down 5.3%, and the amount of cargo carried was down 9.1% compared to the same period last year.

Cathay Pacific's General Manager Revenue Management, Sales & Distribution Ian Shiu said: "The November figures show a continuation of the pattern of weak market demand for both passenger and cargo services. Load factors are still down, and yields have also fallen as a result of weak front-end demand and the introduction of various initiatives to match aggressive pricing activities launched by competitors. We expect market conditions to remain challenging for the foreseeable future."

TRAFFIC November 2001 % change vs Nov 2000 Cumulative Jan - Nov 2001 Cumulative Jan - Nov 2000 % change RPK (000) - Europe 759,131 -13.5% 10,038,414 10,877,012 -7.7% - Pacific and South Africa 1,325,893 -16.5% 16,472,245 17,512,776 -5.9% - North Asia 465,618 -22.1% 6,495,382 6,720,111 -3.3% - Southeast Asia and Middle East 643,082 -9.3% 7,860,217 7,984,120 -1.6% RPK Total (000) 3,193,724 -15.3% 40,866,257 43,094,020 -5.2% Pax carried 803,656 -13.8% 10,282,210 10,853,654 -5.3% Cargo and mail tonne km (000) 384,114 -6.5% 3,571,582 3,801,926 -6.1% Freight carried (000 kg) 67,538 -6.5% 639,601 703,872 -9.1% Number of flights 2,078 -1.9% 23,738 22,385 6.0%

CAPACITY November 2001 % change vs Nov 2000 Cumulative Jan - Nov 2001 Cumulative Jan - Nov 2000 % change ASK (000) - Europe 1,042,937 -15.0% 12,737,250 13,271,432 -4.0% - Pacific and South Africa 1,802,313 -17.9% 22,987,795 23,082,013 -0.4% - North Asia 852,918 3.3% 9,380,815 9,059,134 3.6% - Southeast Asia and Middle East 999,740 -6.7% 12,459,274 10,953,581 13.7% ASK Total (000) 4,697,907 -11.7% 57,565,134 56,366,160 2.1% Pax load factor 68.0% -2.9pt 71.0% 76.5% -5.5pt Available cargo and mail tonne km (000) 520,837 -4.4% 5,332,680 5,237,424 1.8% Cargo and mail load factor (000 kg) 73.7% -1.6pt 67.0% 72.6% -5.6pt ATK(000) 967,775 -7.9% 10,808,155 10,600,676 2.0%

© Copyright 1996-2023 irasia.com Ltd. All rights reserved.

DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website. TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website.