Cathay Pacific 2006 Annual Report Download - page 21

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2002 2003 2004 2005 2006
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Cathay Pacific: revenue and
breakeven load factor
Revenue load factor
Breakeven load factor
Cathay Pacific
• Passenger turnover increased by 10.9% to
HK$33,585 million as a result of strong demand.
The number of passengers carried increased
by 8.4% to 16.7 million and revenue passenger
kilometres increased by 9.3%.
• Passenger load factor increased by 1.2 percentage
points to 79.9% while available seat kilometres
increased by 7.7%.
• Passenger yield increased by 1.5% to HK¢47.0.
• First and business class revenues increased by
16.0% and the front-end load factor increased from
66.0% to 67.5%. Economy class revenue increased
by 8.3% and the economy class load factor
increased from 80.9% to 82.1%.
• Cargo turnover rose by 3.4% to HK$11,980 million
with a 5.2% increase in capacity. Exports demand
from Mainland China through Hong Kong
remained strong.
• Cargo load factor increased by 1.3 percentage points
while cargo yield decreased by 3.4% to HK$1.69.
The improvement in traffic turnover comprises:
HK$M
+7.7% Passenger capacity 2,312
+5.2% Cargo and mail capacity 601
+1.2%pt Passenger load factor 476
+1.3%pt Cargo and mail load factor 240
+1.5% Passenger yield 523
-3.4% Cargo and mail yield (446)
3,706
• Revenue load factor increased by 1.4 percentage
points to 76.6% while the breakeven load factor
was 69.3%.
• The annualised revenue effect on changes in yield
and load factor is set out below:
HK$M
+ 1 percentage point in passenger
load factor
419
+ 1 percentage point in cargo and
mail load factor
175
+ HK¢1 in passenger yield 712
+ HK¢1 in cargo and mail yield 71
19
Cathay Pacific Airways Limited Annual Report 2006
Financial Review