Cathay Pacific 2000 Annual Report Download - page 16

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14 CATHAY PACIFIC AIRWAYS LIM ITED ANNUAL REPORT 2000
Cargo services
ATK (million) Cargo and m ail load factor (%) Yield
2000 1999 Change 2000 1999 Change Change
Cathay Pacific 5,740 5,337 +7.6% 72.5 71.5 +1.0%pt +11.9%
AHK Air Hong Kong 1,234 1,188 +3.9% 73.9 67.6 +6.3%pt +1.8%
Review of Operations
Cathay Pacific Airways Limited
Cathay Pacific Cargo operates a fleet of
three B747-400 freighters and four
B747-200 freighters serving 19 destinations
worldw ide.
One new B747-400 freighter joined the
fleet in September w hilst a further two w ill
be delivered in 2001.
Three new freighter destinations w ere
added: Delhi, Penang and San Francisco.
The strong global demand for air cargo
continued, leading to an excellent
performance for Cathay Pacific Cargo.
Turnover increased by 21.8% as compared
with 1999. Approximately 65.3% of this
cargo w as carried by passenger aircraft,
with the remainder being carried by
freighters.
Cargo available tonne kilometres grew
by 5.4% for freighter aircraft and 7.6%
for the fleet as a whole, w hilst cargo
load factors on passenger aircraft
averaged 65.7% , and load factors on
freighter aircraft averaged 80.1% .
Yields on cargo shipments from Hong Kong
to all major markets continued to improve
and fuel surcharges w ere introduced during
the year to help compensate for the impact
of rising fuel prices.
In M arch, w e introduced dedicated
overnight services for DHL Worldw ide
Express between Hong Kong and Osaka,
Seoul, Singapore and Taipei. These overnight
services enable DHL to offer a superior
express freight product in these markets.
Turnover
HK$ million
0
2,200
4,400
6,600
8,800
11,000
Cathay Pacific AHK Air Hong Kong
20001999199819971996
Capacity – cargo and mail ATK
Million tonne kilometres
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Cathay Pacific AHK Air Hong Kong
20001999199819971996