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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 14 March 2007

Cathay Pacific Releases Combined Traffic Figures for February 2007

Cathay Pacific today released traffic figures for February 2007 that show the airline, together with its wholly owned subsidiary Dragonair, carrying more passengers but less freight than in the same month last year.

Cathay Pacific and Dragonair together carried a total of 1,716,506 passengers in February 2007 - up 3.1 per cent on the combined figure for the same month last year. However, the year-on-year comparison is again distorted by the Chinese New Year peak period falling in different months - January in 2006 and February in 2007. The load factor for the two carriers fell by 0.5 percentage points to 75.5 per cent, while capacity, measured in available seat kilometres, grew by 3 per cent.

Year-to-date figures show the two airlines carried marginally fewer passengers in the first two months of 2007 compared to last year - down by 0.3 per cent. At the same time capacity was up by 2.3 per cent.

The cargo tonnage carried by Cathay Pacific and Dragonair fell 1.2 per cent - to 110,006 tonnes - compared to February 2006. The cargo load factor also fell, by 4.8 percentage points to 63.7 per cent, though capacity, measured in available cargo and mail tonne kilometres, was up by 10.2 per cent year on year.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "Business was generally good over the Chinese New Year holiday in February and the number of passengers carried was comparable to last year's peak. Bookings remain healthy through to the next traffic surge at Easter."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "The cargo market in Hong Kong has got off to a slow start so far this year, and the usual pre-Chinese New Year rush did not materialise. There is a lot of new capacity in the market and Hong Kong is facing increased competition from Pearl River Delta region airports and within the region as a whole. Due to continued high jet fuel prices we have also been seeing more shippers move from airfreight to marine cargo transportation."

CATHAY PACIFIC/DRAGONAIR COMBINED TRAFFIC Feb 2007 % Change
VS
Feb 06
Note (i)
% Change
VS
Feb 06
Note (ii)
Cumulative
Feb 2007
% Change
YTD
Note (i)
% Change
YTD
Note (ii)
RPK (000)
- China 424,702 1017.2% 5.9% 784,739 971.4% -3.4%
- North East Asia 881,356 19.0% 1.9% 1,727,339 14.7% -1.6%
- South East Asia & Middle East 1,090,436 10.3% 5.9% 2,316,134 8.4% 4.3%
- Europe 1,119,930 4.1% 4.1% 2,421,194 3.7% 3.7%
- South West Pacific & South Africa 963,040 -0.3% -0.3% 2,126,282 2.1% 2.1%
- North America 1,398,165 -0.9% -0.9% 3,120,995 -1.4% -1.4%
RPK Total (000) 5,877,629 12.6% 2.2% 12,496,683 10.6% 1.0%
Passengers carried 1,716,506 35.9% 3.1% 3,450,609 30.1% -0.3%
Cargo and mail tonne km (000) 599,098 19.2% 2.5% 1,248,709 20.1% 0.6%
Freight carried (000kg) 110,006 26.9% -1.2% 232,557 30.6% -0.7%
Number of flights 4,262 58.7% 2.2% 8,891 56.7% 0.5%

CATHAY PACIFIC/DRAGONAIR COMBINED CAPACITY Feb 2007 % Change
VS
Feb 06
Note (i)
% Change
VS
Feb 06
Note (ii)
Cumulative
Feb 2007
% Chang
YTD
Note (i)
% Change
YTD
Note (ii)
ASK (000)
- China 614,030 929.9% -2.8% 1,285,642 922.8% -3.7%
- North East Asia 1,217,336 20.2% 3.7% 2,489,448 17.9% 1.6%
- South East Asia & Middle East 1,494,642 9.5% 5.0% 3,193,715 8.2% 3.8%
- Europe 1,422,731 8.8% 8.8% 3,003,269 8.1% 8.1%
- South West Pacific & South Africa 1,217,708 1.9% 1.9% 2,565,530 1.9% 1.9%
- North America 1,823,021 -0.5% -0.5% 3,848,037 -0.1% -0.1%
ASK Total (000) 7,789,468 15.0% 3.0% 16,385,641 14.3% 2.3%
Passenger load factor 75.5% -1.6pt -0.5pt 76.3% -2.6pt -1.0pt
Available cargo/mail tonne km (000) 940,644 27.3% 10.2% 1,984,417 23.5% 4.1%
Cargo and mail load factor 63.7% -4.3pt -4.8pt 62.9% -1.8pt -2.2pt
ATK (000) 1,681,291 21.5% 6.9% 3,542,593 19.3% 3.3%

Note:(i)   Comparative figures excluding Dragonair 2006 traffic / capacity
        (ii)   Comparative figures including Dragonair 2006 traffic / capacity


Source: Cathay Pacific Airways Limited
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