Cathay Pacific 2002 Annual Report Download - page 10

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Cathay Pacific Airways Limited Annual Report 2002 7
Review of Operations
Passenger services
The year saw an 8.7% increase in passenger revenue. Passenger numbers rebounded far quicker
than expected and as a result we increased the frequency of services to a number of destinations.
Passenger yield, which continued to face competitive pressure, declined 0.7% to HK45.4 cents.
Available seat kilometres (“ASK”), load factor and yield by region:
ASK (million) Load factor (%) Yield
2002 2001 Change 2002 2001 Change Change
North Asia 11,022 10,279 +7.2% 69.2 68.8 +0.4%pt -4.9%
South East Asia and Middle East 14,063 13,609 +3.3% 71.8 64.0 +7.8%pt -4.6%
Europe 13,291 13,833 -3.9% 86.4 78.4 +8.0%pt +4.3%
Pacific and South Africa 24,674 25,069 -1.6% 80.4 72.5 +7.9%pt +2.6%
Overall 63,050 62,790 +0.4% 77.8 71.3 +6.5%pt -0.7%
0201009998
40
50
60
70
80
20
30
40
50
60
40
50
60
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98 99 00 01 02
% %
Load factor by region
North Asia South East
Asia and
Middle East
Europe Pacific and
South Africa
Passenger load factor
and yield
HK cents
Passenger load factor
Yield