Cathay Pacific 2010 Annual Report Download - page 27

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Cathay Pacific Airways Limited Annual Report 2010
25
Cathay Pacific and Dragonair
Passenger turnover increased significantly, by 29.3%
to HK$59,354 million, as a result of strong demand.
The number of passengers carried increased by 9.1%
to 26.8 million and revenue passenger kilometres
increased by 8.0%.
The passenger load factor increased by 2.9 percentage
points to a record 83.4% while available seat
kilometres increased by 4.1%.
Passenger yield increased by 19.8% to HK¢61.2.
First and business class revenues increased by 40.3%
and the premium class load factor increased from
58.5% to 66.7%. Economy class revenues increased
by 24.8% and the economy class load factor increased
from 84.3% to 86.4%.
Cargo turnover increased by 54.7% to HK$23,727
million, with a 15.2% increase in capacity. Demand for
exports from Mainland China routed through Hong
Kong remained strong.
Fuel surcharges increased by HK$3.6 billion as a
result of higher fuel prices and more passengers and
cargo carried.
The cargo load factor increased by 4.9 percentage
points. The cargo yield increased by 25.3% to HK$2.33.
The revenue load factor increased by 3.4 percentage
points to 81.1%. The breakeven load factor was 69.3%.
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Financial Review
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Cathay Pacific and Dragonair:
revenue and breakeven load factor*
Revenue load factor
Breakeven load factor
* Includes Dragonair from 1st October 2006.
2006 2007 2008 2009 2010
The annualised impact on revenue arising from
changes in yield and load factor is set out below:
HK$M
+ 1 percentage point in passenger
load factor 709
+ 1 percentage point in cargo and
mail load factor 313
+ HK¢1 in passenger yield 966
+ HK¢1 in cargo and mail yield 102
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