Cathay Pacific 2000 Annual Report Download - page 15

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CATHAY PACIFIC AIRWAYS LIM ITED ANNUAL REPORT 2000 13
Highlights by sector are as follows:
North Asia
The strong yen and an increase in Japanese
visitors to Hong Kong led to an improvement
in the revenue earned from our Japanese
routes.
Further benefits w ere seen from the
codeshare arrangements with Japan Airlines
launched in 1999.
The Korean market w as very strong w ith
grow th recorded across all passenger
classes. Our Taiw anese routes also
performed w ell during the year.
South East Asia and Middle East
South East Asian routes experienced a
continuing recovery during 2000, and traffic
between the region and the US West Coast
grew substantially during the year.
The performance of our M iddle East routes
remained satisfactory despite intense
competition.
Successful codeshare arrangements
commenced with M alaysian Airlines in
September and, in the same month, w e
introduced three services a w eek to Karachi.
Europe
Weak European currencies adversely
affected yields, although this w as partly
offset by increased first and business class
traffic and by fare increases.
Load factors on the European routes
remained high throughout the year and our
traditionally w eaker routes produced
improved results.
Codeshare arrangements w ith Swissair
enhanced the performance of the Zurich
route.
Pacific and South Africa
The performance of our North American
routes w as outstanding in terms of both
load factors and yields.
Australian routes performed satisfactorily,
although the service to Perth faced intense
competition.
Our codeshare arrangement w ith South
African Airw ays further strengthened the
performance of our Johannesburg route.
Review of Operations