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4 Cathay Pacific Airways Limited Annual Report 2005
2005 in Review
The Group achieved record turnover in 2005. Yet, high fuel costs meant that
our attributable profit for the year was less than in 2004. Fuel costs have not
dampened demand, however, and both our passenger and cargo operations
generated record volumes and revenue. We continued to expand our network
and fleet and made our biggest ever order for new aircraft.
Award winning products and services
• Cathay Pacific was voted ”Airline of the Year 2005”
in UK-based Skytrax Research’s global passenger
poll – the largest of its kind – and we were also
voted “Best Airline Asia” and “Best First Class”.
The airline’s Hong Kong First and Business Class
lounges, The Wing and The Pier, have also been
voted world’s best in a separate survey conducted
by Skytrax Research.
• We were voted “Airline of the Year” and “Best Airline
North Asia” in the regional TTG Travel Awards. The
awards were the result of a poll of the leading travel
industry magazines’ readers, who largely comprise
travel trade professionals from around the region.
• Readers of Business Traveller magazine named
Cathay Pacific as having the “Best Frequent
Flyer Programme”.
• The Raven Fox Awards for Travel Retail Excellence
in Asia Pacific rated Cathay Pacific “Best Inflight
Retailer in Asia/Pacific”.
• We were named Hong Kong’s leading company in
“The Asian Wall Street Journal 200” survey.
• We opened a new lounge in Singapore and
remodelled another in Frankfurt.
Hub development
• We launched a third daily service to Los Angeles
and a fourth daily flight to London, increasing
Hong Kong’s connection with major hubs around
the world.
• Additional services commenced to Amsterdam,
Beijing, Ho Chi Minh City, Johannesburg, Nagoya,
Perth, Seoul and Singapore.
• A three-times-weekly service to Xiamen
commenced in February 2005.
• We announced additional services to Rome and
Frankfurt, commencing in the last week of
March 2006.
• Passengers in the Pearl River Delta can now check
in at a new facility at Shekou before boarding a ferry
directly to their flight at Hong Kong International
Airport (“HKIA”). More “upstream” full service
check-in facilities are planned in Macau, Fuyong
(Shenzhen), Zhongshan and Dongguan.