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Cathay Pacific Airways Limited Annual Report 2011 27
Financial Review
Cathay Pacific and Dragonair
Passenger turnover increased, by 14.2% to HK$67,778
million. The number of passengers carried increased by
2.9% to 27.6 million and revenue passenger kilometres
increased by 5.1%.
The passenger load factor decreased by 3.0 percentage
points to 80.4%. Available seat kilometres increased
by 9.2%.
Passenger yield increased by 8.7% to HK¢66.5.
First and business class revenues increased by 16.5%
and the premium class load factor increased from
66.7% to 66.9%. Economy class revenues increased
by 13.1% and the economy class load factor
decreased from 86.4% to 82.7%.
Cargo turnover decreased by 1.7% to HK$23,335
million, with a 6.9% increase in capacity. Demand for
exports from Mainland China routed through Hong
Kong was weak from the second quarter of 2011.
The cargo load factor decreased by 8.5 percentage
points. The cargo yield increased by 3.9% to HK$2.42.
The revenue load factor decreased by 4.1 percentage
points to 77.0%. The breakeven load factor
was 72.2%.
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%
60
65
70
75
80
85
90
2007 2008 2009 2010 2011
Revenue load factor
Breakeven load factor
Cathay Pacific and Dragonair:
revenue and breakeven load factor
The annualised impact on revenue arising from
changes in yield and load factor is set out below:
HK$M
+ 1 percentage point in passenger
load factor 840
+ 1 percentage point in cargo and
mail load factor 347
+ HK¢1 in passenger yield 1,015
+ HK¢1 in cargo and mail yield 96
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