Cathay Pacific 2008 Annual Report Download - page 16

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2004 2005 2006 2007 2008
Load factor by region*
North Asia
South West
Pacific and
South Africa
South East
Asia and
Middle East
Europe North America 2004 2005 2006 2007 2008
Passenger load factor and yield*
Yield
Passenger load factor
* Includes Dragonair from 1st October 2006.
Cathay Pacific and Dragonair carried a total of 25.0 million passengers in 2008 – up 7.3%
on the previous year but below a capacity increase of 12.7% for the same period.
Passenger revenue rose by 17.2% to HK$58,046 million, mainly as a result of a strong
first half performance which helped improve yield by 5.3% to HK63.6 cents. The load
factor for the period was 78.8% – down 1.0 percentage point from 2007. Soaring fuel
prices eroded profitability in the first half while the second half was hit by the financial
crisis. Business out of Hong Kong suffered particularly badly with corporate sales highly
dependent on the financial sector.
Available seat kilometres (“ASK”), load factor and yield by region for
Cathay Pacific and Dragonair passenger services:
ASK (million) Load factor (%) Yield
2008 2007 Change 2008 2007 Change Change
South West Pacific and South Africa 17,689 14,589 +21.2% 77.0 81.7 -4.7%pt +6.9%
Europe 20,017 19,641 +1.9% 84.4 83.6 +0.8%pt +9.0%
South East Asia and Middle East 22,528 19,220 +17.2% 77.4 79.4 -2.0%pt +8.4%
North Asia 24,028 23,765 +1.1% 73.0 71.9 +1.1%pt +6.5%
North America 31,216 25,247 +23.6% 81.7 83.6 -1.9%pt +2.8%
Overall 115,478 102,462 +12.7% 78.8 79.8 -1.0%pt +5.3%
Review of Operations PASSENGER SERVICES
14 Cathay Pacific Airways Limited Annual Report 2008