Cathay Pacific 2004 Annual Report Download - page 74

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Note:
Based on year end share price, where applicable.
2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Productivity
Cost per ATK
HK$
2.07 2.00 2.13 2.36 2.32 2.24 2.34 2.60 2.64 2.80
ATK per HK$’000 staff cost
Unit
1,978 1,825 1,798 1,725 1,725 1,669 1,533 1,446 1,403 1,327
Aircraft utilisation
Hours per day
12.0 11.4 12.1 12.1 12.9 12.4 12.2 11.8 11.4 10.8
Share prices
HK$
High 16.4 15.5 13.6 14.3 17.6 16.8 8.9 16.4 14.9 12.8
Low 12.5 8.4 9.9 6.1 10.3 7.4 4.7 5.4 10.6 10.0
Year-end 14.7 14.8 10.7 10.0 14.4 13.9 7.7 6.3 12.2 11.8
Price ratios (Note)
Times
Price/Earnings 11.2 37.9 9.0 50.8 9.7 21.6 (46.9 ) 12.8 10.2 11.4
Market capitalisation/
Shareholders’ funds 1.5 1.6 1.1 1.1 1.5 1.7 1.0 0.8 1.6 2.0
Price/Cash flow 4.5 7.8 3.8 7.2 5.9 7.0 6.4 4.5 6.1 4.9
COST PER ATK ATK PER HK$’000 STAFF COST
AIRCRAFT UTILISATION SHARE PRICE
0.0
0.5
1.0
1.5
2.0
2.5
3.0
1995 1996 1997 1998 1999 2000 2002 2003 20042001
HK$
0
2
4
6
8
10
12
14
1995 1996 1997 1998 1999 2000 2002 2003 20042001
Hours per day
1995 1996 1997 1998 1999 2000 2002 2003 20042001
0
2
4
6
8
10
12
14
16
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Average share
price in HK$ Average HSI
Cathay Pacific share price Hang Seng Index (HSI)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2004
Statistics
70 Cathay Pacific Airways Limited 2004 Annual Report