Cathay Pacific 2013 Annual Report Download - page 14

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Cathay Pacific Airways Limited Interim Report 201312
2013 Interim Review
REVIEW OF OTHER SUBSIDIARIES AND
ASSOCIATES
AHK Air Hong Kong Limited (“Air Hong Kong”)
• Air Hong Kong is the only all-cargo airline
in Hong Kong. It is 60% owned by Cathay
Pacific. It operates express cargo services for
DHLExpress.
• The airline operates a fleet of eight owned
Airbus A300-600F freighters, three Boeing
747-400BCF converted freighters dry-leased
from Cathay Pacific and two wet-leased Airbus
A300-600F freighters.
• Air Hong Kong operates six flights per week
to each of Bangkok, Nagoya, Osaka, Seoul,
Shanghai, Singapore, Taipei and Tokyo, and five
flights per week to each of Beijing, Ho Chi Minh
City, Manila and Penang (via Ho Chi Minh City).
• On-time performance was 91% within
15minutes.
• Capacity increased by 1.0% compared with the
first half of 2012. The load factor decreased
by 2.0 percentage points. Revenue tonne
kilometres decreased by 2.2%.
• Air Hong Kong achieved an increase in profit in
the first half of 2013 compared with the first half
of 2012.
Cathay Pacific Catering Services (H.K.) Limited
(“CPCS”) and overseas kitchens
• CPCS, a wholly owned subsidiary, is the
principal flight kitchen in Hong Kong.
• CPCS reported a decrease in profit in the first
half of 2013 compared to the first half of 2012
mainly due to higher operating costs.
• During the period, CPCS increased its capacity
from 80,000 to 100,000 meals a day.
• Outside Hong Kong, profits increased in
allkitchens. 
Cathay Pacific Services Limited (“CPSL”)
• CPSL, a wholly owned subsidiary, was
established to design, build and operate the
new Cathay Pacific cargo terminal at Hong Kong
International Airport. The terminal started to
operate in February. When fully operational by
the last quarter of 2013, it will have an annual
capacity of 2.6 million tonnes and will employ
more than 1,800 staff. The HK$5.9 billion facility
will significantly reduce the time it takes to
process and ship cargo in Hong Kong.
• CPSL reported a loss for the first half of 2013
during the ramp up period before it becomes
fully operational by the last quarter of 2013.