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ANNUAL REPORT 2014
25Financial Review
%
60
65
70
75
80
85
90
2010 2011 2012 2013 2014
Revenue load factor
Breakeven load factor
Cathay Pacic and Dragonair:
revenue and breakeven load factor
Cathay Pacific and Dragonair
• Passenger turnover increased by 5.4% to HK$75,734
million. The number of revenue passengers carried
increased by 5.5% to 31.6 million and revenue passenger
kilometres increased by 7.4%.
• The passenger load factor increased by 1.1 percentage
points to 83.3%. Available seat kilometres increased
by 5.9%.
• Passenger yield decreased by 1.8% to HK¢67.3.
• First and business class revenues increased by 7.8% and
the load factor increased from 70.6% to 71.4%.
• Premium economy and economy class revenues
increased by 4.4% and the load factor increased from
84.3% to 85.5%.
• Cargo turnover increased by 8.6% to HK$22,035 million,
with a 10.4% increase in capacity.
• The cargo load factor increased by 2.5 percentage
points. The cargo yield decreased by 5.6% to HK$2.19
despite improved cargo demand in the second half.
• The revenue load factor increased by 1.6 percentage
points to 79.1%. The breakeven load factor was 76.2%.
• The annualised impact on revenue arising from changes
in yield and load factor is set out below:
HK$M
+ 1 percentage point in passenger load factor 906
+ 1 percentage point in cargo and mail load
 factor
343
+ HK¢1 in passenger yield 1,123
+ HK¢1 in cargo and mail yield 100