Cathay Pacific 2005 Annual Report Download - page 17

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15
Cathay Pacific Airways Limited Annual Report 2005
Fleet profile as at 31st December 2005:
Number as at
31st December 2005
Leased Firm orders Expiry of operating leases
Aircraft type Owned Finance Operating Total ‘06 ‘07 ‘08 & beyond Total ‘06 ‘07 ‘08 & beyond
A320 3 2 6 11 2 4
A321 2 4 6 4
A330 2 3 8 13 3* 3 1 7
B747-200F 1 1
B747-300SF 3 3
B747-400F 2 2 1 5
Total 11 5 18 34 5 2 1 8 2 9 7
* Aircraft will be on operating lease.
ASK/ATK* (million) Load factor (%) Yield
2005 2004 Change 2005 2004 Change Change
Passenger services 10,065 9,176 +9.7% 64.4 64.9 -0.5%pt +2.9%
Cargo services 1,942 1,425 +36.3% 72.5 76.2 -3.7%pt –
* Capacities of passenger and cargo services are measured in available seat kilometres (“ASK”) and available tonne kilometres (“ATK”) respectively.
• The company took delivery of three A330s and one
A320 during the year. At end of 2005, Dragonair had
a passenger aircraft fleet of 11 A320s, six A321s
and 13 A330s. Among them, one A320 and one
A330 were wet leased to Air China from September
2005 onwards. It also had four B747 freighters.
• The codeshare agreement with Air China was
expanded in 2005 to cover Beijing, Hangzhou and
Wuhan in addition to the existing routes to
Chengdu, Chongqing, Dalian and Tianjin.
• Dragonair celebrated its 20th anniversary in
May 2005. During these 20 years, Dragonair has
developed into a full service passenger carrier with
a dedicated freighter fleet serving major markets of
the world. Despite the impact of higher fuel costs,
management remains optimistic for the airline’s
future and 2006 will see continued expansion of
freighter services and stringent cost control.
Review of Operations Review of subsidiaries and associates