Cathay Pacific 2003 Annual Report Download - page 17

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Cathay Pacific Airways Limited Annual Report 2003 15
Group turnover
HK$ million
0302010099
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Passenger services
Cargo services
Catering and other services
Cathay Pacific: passengers
and cargo carried
Passenger
in ’000
Cargo in
’000 tonnes
3,000
4,000
5,000
6,000
7, 000
2H
2003
1H
2003
2H
2002
1H
2002
2H
2001
1H
2001
2H
2000
1H
2000
2H
1999
1H
1999
100
200
300
400
500
Passengers carried
Cargo carried
Financial Review
The Cathay Pacific Group reported an attributable profit of HK$1,303 million
against a profit of HK$3,983 million in 2002. The significant decrease in profit was
due to the sharp fall in passenger numbers during the SARS outbreak.
Tu r n o v e r
Group Cathay Pacific
2003 2002 2003 2002
HK$M HK$M HK$M HK$M
Passenger services 18,663 22,376 18,663 22,376
Cargo services 9,913 9,387 9,417 8,758
Catering and other services 1,002 1,327
--
Turnover 29,578 33,090 28,080 31,134
•Group turnover reduced by 10.6% on 2002.
•Passenger services turnover decreased
significantly by 16.6% to HK$18,663 million
mainly due to a reduction in passenger
numbers after the SARS outbreak. The
number of passengers carried decreased by
18.4% to 10.1 million while the passenger
traffic in revenue passenger kilometres
decreased by 12.8%.
•Despite the 6.0% reduction in capacity in
terms of available seat kilometres, the
passenger load factor still decreased by
5.6 percentage points to 72.2%.
•Passenger yield decreased by 4.6% to
HK¢43.3 as a result of special offers.