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14 Cathay Pacific Airways Limited Annual Report 2001
FINANCIAL REVIEW
컄Cathay Pacific’s cargo and mail load factor
decreased by 5.2 percentage points to 67.3%
as cargo and mail revenue tonne kilometres
decreased by 5.4% against an increase of
2.0% in capacity. AHK Air Hong Kong’s load
factor also decreased by 0.6 percentage points
to 73.3%.
컄Cathay Pacific’s turnover decreased by
HK$3,641 million because of:
HK$M
+1.4% Passenger capacity 297
+2.0% Cargo and mail capacity 173
-4.9%pt Passenger load factor (1,462)
-5.2%pt Cargo and mail load factor (635)
-5.2% Passenger yield (1,134)
-10.6% Cargo and mail yield (880)
(3,641)
컄Revenue load factor decreased by
4.8 percentage points to 70.4%.
컄Breakeven load factor increased by
6.6 percentage points to 70.5% as yield
declined.
컄Cathay Pacific’s turnover sensitivity is set out
below:
Annual effects of: HK$M
+ 1 percentage point in passenger
load factor 287
+ 1 percentage point in cargo and
mail load factor 108
+ HK¢1 in passenger yield 448
+ HK¢1 in cargo and mail yield 39
Passenger
in ’000
Cargo in
’000 tonnes
Cathay Pacific:
passengers and cargo carried
0100999897
2,000
4,000
6,000
8,000
10,000
12,000
300
400
500
600
700
800
Passengers carried
Cargo carried
Revenue and breakeven
load factor
Revenue load factor
Breakeven load factor
%
50
55
60
65
70
75
80
0100999897