Cathay Pacific 2008 Annual Report Download - page 3

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headquarters, Cathay Pacific City, at Hong Kong
International Airport.
In September 2006, Hong Kong Dragon Airlines Limited
(“Dragonair”) became a wholly owned subsidiary of
Cathay Pacific. At the same time Cathay Pacific and Air
China Limited (“Air China”) increased their cross-
shareholding to form a closer partnership. Cathay Pacific
is also the major shareholder in AHK Air Hong Kong
Limited (“AHK”), an all-cargo carrier offering scheduled
services in the Asian region.
Cathay Pacific and its subsidiaries employ some 20,300
people in Hong Kong. The airline is listed on The Stock
Exchange of Hong Kong Limited as are its substantial
shareholders Swire Pacific Limited (“Swire Pacific”), Air
China and CITIC Pacific Limited (“CITIC Pacific”).
Cathay Pacific is a founding member of the oneworld
global alliance whose combined network serves almost
700 destinations worldwide. Dragonair is an affiliate
member of oneworld.
A Chinese translation of this Annual Report is available upon request from the Company’s Registrars.
本年報中文譯本，於本公司之股份登記處備索。
Cathay Pacific
Cathay Pacific Freighter
Dragonair
Air Hong Kong
Contents
2 Financial and Operating Highlights
3 Chairman’s Letter
5 2008 in Review
14 Review of Operations
22 Financial Review
32 Directors and Officers
34 Directors’ Report
41 Corporate Governance
45 Independent Auditor’s Report
46 Principal Accounting Policies
50 Consolidated Statement of
Comprehensive Income
51 Consolidated Statement of
Financial Position
52 Company Statement of
Financial Position
53 Consolidated Statement of
Cash Flows
54 Consolidated Statement of
Changes in Equity
55 Company Statement of
Changes in Equity
56 Notes to the Accounts
92 Principal Subsidiaries and
Associates
94 Statistics
99 Glossary
100 Corporate and Shareholder
Information