Cathay Pacific 1998 Annual Report Download - page 12

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1998 In Review
10 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
The Fleet
Cathay Pacific has endeavoured to improve the quality of its fleet by continuing to invest in new
aircraft, and retiring a number of its older aircraft. The changes have resulted in a younger and more
efficient fleet with an average age of 6.5 years.
•During 1998, ten new aircraft joined the fleet. These included four B777-300s, one Airbus Industrie
A330-300, and five A340-300s. Seven B747-200s were retired.
•In May 1998 , Cathay Pacific took delivery of its first B777-300, the longest commercial aircraft in
the world. Cathay Pacific operated four of these aircraft by the end of 1998, and will take delivery
of a further three this year.
•It has also been decided to remove from service the six B747-300 aircraft during 1999.
Fleet Profile
Number per fleet Expiry of
as at 31st December 1998 Firm operating
Aircraft Leased Orders leases Options (delivery date)
Type Owned Finance Operating Total ’99 Total ’02 ’03 ’01 ’02 ’03 ’04 Total
B747-400 116 219 11 3 3 6
B747-300 15 6
B747-200 7* 7
B747-200F 3 4** 7
B747-400F 11 2
B777-200 13 4
B777-300 13 433232310
A330-300 12 12 333 9#
A340-300 11 11
Total 15 55 2 72 3311 8 9 5325
* Includes aircraft which have been leased out or taken out of service.
** Includes three freighters leased to AHK Air Hong Kong.
# Options are interchangeable between A330/A340.
The Network
The Company has continued to review its network to best match changing passenger demands.
Frequencies to some regional destinations most affected by the regional downturn have been
reduced, while those to some key long-haul routes have been increased.
•Frequencies to key long-haul destinations London, Los Angeles, and Sydney were increased to
double-daily services in July 1998, thereby strengthening our trunk network.
•The service to Sapporo was suspended in November due to weak demand. Frequencies to some
other Asian destinations experiencing low passenger loads were also reduced.
•Two new destinations were added to the network during 1998: Istanbul on 8th August, and San
Francisco on 1st December. Both services were launched successfully with encouraging market
response.
•Cathay Pacific entered into a codeshare agreement with Swissair on the Hong Kong-Zurich route
in order to maintain frequency of services to passengers on the route.