Cathay Pacific Airways Limited

For Immediate Release 16 November 2016

Cathay Pacific Releases Combined Traffic Figures
for October 2016

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for October 2016 that show a decrease in the number of passengers carried and an increase in the amount of cargo and mail uplifted compared to the same month last year.

Cathay Pacific and Dragonair carried a total of 2,759,982 passengers last month - a decrease of 2.9% compared to October 2015. The passenger load factor dropped by 2.6 percentage points to 81.5%, while capacity, measured in available seat kilometres (ASKs), increased by 0.2%. In the first ten months of 2016, the number of passengers carried rose by 1.3% compared to a 3.0% increase in capacity.

The two airlines carried 172,385 tonnes of cargo and mail in October, an increase of 5.3% compared to the same month last year. The cargo and mail load factor rose by 1.6 percentage points to 68.1%. Capacity, measured in available cargo/mail tonne kilometres, increased by 0.6%, while cargo and mail revenue tonne kilometres (RTKs) increased by 3.2%. In the first ten months of 2016, the tonnage carried rose by 2.2% against a 0.5% increase in capacity and there was an increase of 0.4% in RTKs.

Cathay Pacific General Manager Revenue Management Patricia Hwang said: "The decrease in passenger traffic during October was partly caused by Typhoon Haima, which led to the cancellation of more than 200 flights. A drop in overall passenger volumes is a worrying trend, as is the fact that booking growth failing to keep pace with the increase in capacity. Reduction in the number of passengers carried on North American routes was a result of softer demand from the USA and other key sales areas. On a brighter note, our premium cabins saw a revenue and load factor improvement thanks to the Canton Fair in Guangzhou. Meanwhile, yield continues to come under intense pressure due to excess capacity in the market."

Cathay Pacific General Manager Cargo Sales & Marketing Mark Sutch said: "Overall cargo demand in October was fairly strong and tonnage continued to grow. We had some negative impact on our forecasts during the month from typhoon disruptions and unscheduled aircraft maintenance but overall exports from Europe, Asia and Mainland China were robust. The team continues to work hard to push up the yield, and the rates are getting back to peak season levels. The new twice-weekly service to Portland, introduced in early November, further strengthened our US network."

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Source: Cathay Pacific Airways Limited
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