Cathay Pacific 2006 Annual Report Download - page 19

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2002 2003 2004 2005 2006
0
2,000
1,000
500
1,500
2,500
3,000
3,500
Turnover
HK$ million
Tonnage rose to a new annual high of 395,385 tonnes but yields were under pressure
throughout the year as a result of increasing competition and softening markets.
ATK (million) Load factor (%) Yield
2006 2005 Change 2006 2005 Change Change
Dragonair 2,080 1,942 +7.1% 72.7 72.6 +0.1%pt -10.8%
DRAGONAIR
• Dragonair took delivery of its first Boeing 747-400BCF
aircraft at the end of 2006, and another was
delivered in January 2007. They will be used on
European routes after initial deployment in the
region for crew training purposes.
• Two more Boeing 747-400BCFs are due to be
delivered in 2007 and one more in 2008, increasing
Dragonair’s freighter fleet to nine by the end of 2008.
• High fuel prices and lower yields led to reduced
freighter profitability.
• There was a softening in the market into and out
of Japan.
• Dragonair resumed its thrice-weekly freighter
service to Xiamen in November.
• Two more freighter flights were added to Frankfurt
in 2006, bringing the total to five frequencies
per week.
17
Cathay Pacific Airways Limited Annual Report 2006
Review of Operations Cargo Services