Cathay Pacific 1998 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 of the 1998 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 70

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70

4CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
Financial and Operating Highlights
Financial (Group) 1998 1997 Change
Results
HK$
Turnover
million
26,695 30,647 -12.9%
(Loss)/profit attributable to shareholders
million
(542) 1,694 -132.0%
(Loss)/earnings per share (0.16) 0.49 -132.7%
Dividend per share 0.10 0.29 -65.5%
Balance Sheet
HK$
Shareholders’ funds
million
24,696 25,606 -3.6%
Net borrowings
million
14,958 8,795 +70.1%
Shareholders’ funds per share 7.30 7.56 -3.4%
Key ratios
(Loss)/profit margin
%
(2.0) 5.5 -7.5%pt
Net debt equity ratio
Times
0.61 0.34 +0.27 times
Operating (Company)
Available tonne kilometres (“ATK”)
Million
10,857 10,399 +4.4%
Passenger load factor
%
67.5 68.2 -0.7%pt
Passenger yield
HK cents
45.2 55.7 -18.9%
Cargo and mail load factor
%
65.2 72.9 -7.7%pt
Cargo and mail yield
HK$
1.7 1.8 -5.6%
Cost per ATK
HK$
2.25 2.57 -12.5%
Aircraft utilisation (average)
Hours per day
12.2 11.8 +3.4%
On-time performance
%
80.3 81.8 -1.5%pt
The opening of the new Hong Kong International Airport
launched a new era for Hong Kong aviation and
strengthened its position as Asia’s premier aviation hub.
Cathay Pacific’s new Super Hub offers a superior
passenger experience that includes preferred check-in
facilities and boarding gates, as well as Business and
First Class lounges that are setting standards for style,
comfort and convenience.