Cathay Pacific 2007 Annual Report Download - page 23

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Financial Review
Cathay Pacific
• Passenger turnover increased by 17.0% to
HK$39,299 million as a result of strong demand. The
number of passengers carried increased by 6.2% to
17.8 million and revenue passenger kilometres
increased by 5.4%.
• Passenger load factor increased by 1.2 percentage
points to 81.1% while available seat kilometres
increased by 3.9%.
• Passenger yield increased by 11.1% to HK¢52.2.
• First and business class revenues increased by
20.7% and the front-end load factor increased from
67.5% to 69.4%. Economy class revenue increased
by 14.9% and the economy class load factor
increased from 82.1% to 83.1%.
• Cargo turnover rose by 10.0% to HK$13,183 million
with a 20.3% increase in capacity. Export demand
from Mainland China through Hong Kong remained
strong.
• Cargo load factor decreased by 0.8 percentage point
while cargo yield decreased by 7.7% to HK$1.56.
The improvement in traffic turnover comprises:
HK$M
+3.9% Passenger capacity 1,288
+20.3% Cargo and mail capacity 2,434
+1.2%pt Passenger load factor 525
-0.8%pt Cargo and mail load factor (175)
+11.1% Passenger yield 3,901
-7.7% Cargo and mail yield (1,056)
6,917
• Revenue load factor increased by 0.7 percentage
point to 77.3% while the breakeven load factor was
67.8%.
• The annualised revenue effect on changes in yield
and load factor is set out below:
HK$M
+ 1 percentage point in passenger
load factor 483
+ 1 percentage point in cargo and
mail load factor 195
+ HK¢1 in passenger yield 750
+ HK¢1 in cargo and mail yield 84
Cathay Pacific Airways Limited Annual Report 2007 21