Cathay Pacific 2009 Annual Report Download - page 28

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Financial Review
HK$ million
0
20,000
40,000
60,000
80,000
100,000
2005 2006 2007 2008 2009 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09
Turnover*
Passenger in ‘000
0
2,500
7,500
5,000
10,000
12,500
15,000
Cargo in ‘000 tonnes
300
400
500
600
800
700
900
Cathay Pacific and Dragonair:
passengers and cargo carried*
Cargo and mail carried
Passengers carriedCatering, recoveries and other services
Cargo services
Passenger services
* Includes Dragonair from 1st October 2006.
The Cathay Pacific Group reported an attributable profit of HK$4,694 million in 2009,
compared with a loss of HK$8,696 million in 2008. The improved results principally
reflect the profit on the disposal of a 12.45% stake in HAECO, a lower average fuel
price compared to 2008 and significant mark to market gains on fuel hedging
contracts. The cost cutting measures that were introduced in response to weak
passenger and cargo traffic demand helped to constrain operating expenses in 2009.
Turnover
Group turnover fell by 22.6% in 2009 compared with 2008.•
Group Cathay Pacific and Dragonair
2009
HK$M
2008
(restated)
HK$M
2009
HK$M
2008
(restated)
HK$M
Passenger services#45,920 57,964 45,920 57,964
Cargo services#17,255 24,623 15,341 22,424
Catering, recoveries and other services 3,803 3,976 3,128 2,922
Turnover 66,978 86,563 64,389 83,310
# Includes relevant surcharges.
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