Cathay Pacific 2015 Annual Report Download - page 20
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Cathay Pacific Airways Limited
18
• Travel demand from Southeast Asian countries were
adversely affected by depreciation of local currencies in
the region in 2015.
• In 2015, Dragonair increased its Phnom Penh service
from 10 to 12 flights a week in January and increased its
Penang winter service from 10 to 12 flights a week
in November.
Europe
• The performance of our European routes was strong
in 2015. The weakness of the Euro stimulated demand
for travel to Europe from Hong Kong, Mainland China
and Taiwan.
• We introduced a daily service to Zurich in March 2015
and a four-times-weekly service to Düsseldorf in
September 2015. The services have been well received.
• Demand for travel to Paris was affected for safety
concerns in November 2015.
• We stopped flying to Moscow in June 2015.
• We increased Cathay Pacific’s capacity by using Boeing
777-300ER aircraft to fly to Rome in June 2015.
• Demand for travel to London and Manchester routes was
strong in all classes in 2015. Demand for travel between
the United Kingdom and Southwest Pacific destinations
was strong.
• We will introduce four-times-weekly services to Madrid
in June 2016 and to London’s Gatwick airport in
September 2016.
North Asia
• Our Mainland China routes benefited from increased
demand for international leisure travel from Mainland
China. Europe, Japan, Southeast Asia and the Southwest
Pacific were popular destinations.
• The performance of our Taiwan routes was satisfactory.
Trafficgrewdespitemorecompetition.
• The depreciation of the Japanese yen increased demand
for travel to Japan, but yield was pressured by increased
capacity and competition.
• The performance of our Korean routes was affected by
middle east respiratory syndrome in the summer
months. Demand for travel recovered after the summer,
but promotional fares reduced yield.
• Dragonair introduced a daily service to Haneda in Tokyo
in March 2015 and a twice-weekly service to Hiroshima in
August 2015.
• In 2015, Dragonair increased its Wuhan service from 10
to 11 flights a week in January, increased its Okinawa
service from four flights a week to daily over the summer
season and increased its Hongqiao in Shanghai service
from seven to nine flights a week in November.
North America
• Passenger numbers grew faster than the capacity
increases. Premium class demand was less than
expected on the New York and Los Angeles routes.
• We introduced a four-times-weekly service to Boston in
May 2015. It has been well received. Load factors have
been high.
• We increased the frequency of our San Francisco
service from 14 to 17 flights a week in June 2015.
• We reduced the frequency of our Chicago service from
10 flights a week to daily in March 2015.
• We increased the frequency of our summer service to
Toronto from 10 to 13 flights per week in July and
August 2015.
• Load factors on the Vancouver route were high but yield
was adversely affected by weakened Canadian dollars.
Review of Operations Passenger Services