Cathay Pacific 2011 Annual Report Download - page 18

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16
Review of Operations PASSENGER SERVICES
Revenue from Cathay Pacific and Dragonair’s passenger services grew by
14.2% to HK$67,778 million in 2011. The two airlines carried a total of
27.6 million passengers, an increase of 2.9% compared to the previous year.
Capacity increased by 9.2%. The load factor of 80.4% was down 3.0 percentage
points compared with 2010. Yield increased by 8.7% to HK66.5 cents, helped by
the strength of some currencies in which we receive revenue relative to the
Hong Kong and US dollar. Demand for premium class travel remained robust in
2011. Demand for economy class travel was also strong in the first quarter, but
then weakened. Economy class yields on long-haul routes declined, particularly
in the second half.
%
40
50
60
70
80
90
%
0
20
40
60
80
100
HK cents
20
30
40
50
60
70
Load factor by region
North Asia
Southwest
Pacific and
South Africa
Southeast
Asia
Europe North America
Passenger load factor and yield
YieldPassenger load factor
2007 2008 2009 2010 2011
2007 2008 2009 2010 2011
India, Middle East,
Pakistan and
Sri Lanka