Cathay Pacific 2004 Annual Report Download - page 17

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– Dragonair reported an improved profit in 2004
due to a strong recovery in passenger traffic after
SARS together with the launch of new routes.
– Dragonair recorded a 51.3% increase in
passenger revenue in 2004. Passenger numbers
and load factor increased by 49.2% and 5.5
percentage points respectively while yield
decreased by 2.3%.
– Dragonair uplifted 342,413 tonnes of cargo in
2004, 26.8% higher than 2003. Cargo revenue
increased by 33.8% with the addition of a
fourth freighter in July 2004. Cargo load factor
decreased by 4.2 percentage points to 76.2%.
Cargo yield increased by 5.8%.
– Dragonair increased the weekly passenger
services to Shanghai to 87 and frequencies
to most other Mainland China destinations
were also increased. The company temporarily
suspended scheduled services to Phuket as
demand for air traffic fell substantially following
the tsunami disaster.
– Dragonair took delivery of one A330, two A320s
and one B747-200F during the year, increasing
the fleet size to 30 by end of 2004.
– With the relaxation of Individual Travel Scheme
to more provinces in Mainland China and
the implementation of the Closer Economic
Partnership Arrangement, Dragonair continues
to be optimistic about the demand for air travel
between Hong Kong and Mainland China.
ASK / ATK* (million) Load factor (%) Yield
2004 2003 Change 2004 2003 Change Change
Passenger services 9,176 6,483 +41.5% 64.9 59.4 +5.5%pt -2.3%
Cargo services 1,425 1,069 +33.3% 76.2 80.4 -4.2%pt +5.8%
* Capacities of passenger and cargo services are measured in available seat kilometres (“ASK”) and available tonne kilometres (“ATK”) respectively.
FLEET PROFILE
Number as at 31st December 2004
Leased Firm orders operating leases
Aircraft type Owned Finance Operating Total ‘05 ‘06 ’07 & Total ‘06 ’07 &
beyond beyond
A320 2 2 6 10 1 1 2 4
A321 2 4 6 4
A330 2 3 5 10 3
* 3
* 6 1 4
B747-200F 1 1
B747-300SF 3 3
B747-400SF 2 3 5
Total 10 5 15 30 4 5 3 12 3 12
* Aircraft will be on operating lease.
Expiry of
Cathay Pacific Airways Limited 2004 Annual Report 13