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Cathay Pacific Airways Limited


FOR IMMEDIATE RELEASE 14th May 2008

Cathay Pacific Releases Combined Traffic Figures for April 2008

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for April 2008 that show the number of passengers carried by the two airline rising again, though failing to keep pace with the increase in capacity. The increase in cargo tonnage, meanwhile, was on a par with the capacity rise.

In April the two airlines carried a total of 2,068,951 passengers - an increase of 7.2% over the same month in 2007 - and saw a 14.3% rise in capacity, measured in available seat kilometres (ASKs). The month's load factor was down 1.0 percentage points to 79.4%. For the year to date, the number of passengers carried has risen by 13.6% - on a par with capacity growth of 13.4%.

Between them, Cathay Pacific and Dragonair carried 142,106 tonnes of cargo and mail in April - up 8.5% on the same month last year - while cargo capacity, measured in available cargo/mail tonne kilometres, climbed by 8.4%. The cargo and mail load factor rose by 2.7 percentage points to 67.6%. For the year to date, cargo tonnage has risen by 7.4% compared to a capacity rise of 8.2%.

Cathay Pacific General Manager Revenue Management, Sales & Distribution Ian Shiu said: "Generally we were pleased by our passenger performance in April, though comparisons with the same month last year are skewed by the fact that Easter fell in different months. Looking ahead, bookings remain within expectations through to the summer peak in July and August."

Cathay Pacific Director & General Manager Cargo Ron Mathison said: "Demand out of Hong Kong and Mainland China remained quite robust in April and business was boosted by a good market reaction to our recently launched freighter service to Hanoi and Dhaka. However, increasing jet fuel prices are inflicting serious damage on our freighter business and we stand to face increasing competition from ocean cargo in May and June, which are traditionally slack months for cargo out of Asia."

CATHAY PACIFIC / DRAGONAIR COMBINED TRAFFIC APR 2008 % Change
VS
APR 07
Cumulative
APR 2008
% Change
YTD
RPK (000)
- China 506,882 1.5% 1,940,694 13.4%
- North East Asia 898,599 -0.2% 3,884,478 9.1%
- South East Asia & Middle East 1,436,663 14.1% 5,416,686 12.3%
- Europe 1,448,164 4.8% 5,738,991 10.6%
- South West Pacific & South Africa 1,057,544 11.6% 4,617,646 12.9%
- North America 2,144,485 29.5% 8,625,801 31.8%
RPK Total (000) 7,492,337 12.8% 30,224,296 16.6%
Passengers carried 2,068,951 7.2% 8,231,469 13.6%
Cargo and mail tonne km (000) 756,439 12.9% 2,944,652 10.5%
Cargo and mail carried (000kg) 142,106 8.5% 550,022 7.4%
Number of flights 4,892 4.2% 19,486 6.5%

CATHAY PACIFIC / DRAGONAIR COMBINED CAPACITY APR 2008 % Change
VS
APR 07
Cumulative
APR 2008
% Change
YTD
ASK (000)
- China 712,295 -0.3% 2,780,141 3.8%
- North East Asia 1,200,784 -4.4% 5,130,093 2.2%
- South East Asia & Middle East 1,833,314 15.4% 6,704,310 4.7%
- Europe 1,620,463 -1.9% 6,474,597 3.3%
- South West Pacific & South Africa 1,356,589 24.2% 5,852,237 18.2%
- North America 2,717,816 38.7% 10,652,954 36.1%
ASK Total (000) 9,441,261 14.3% 37,594,332 13.4%
Passenger load factor 79.4% -1.0pt 80.4% 2.2pt
Available cargo/mail tonne km (000) 1,119,217 8.4% 4,460,219 8.2%
Cargo and mail load factor 67.6% 2.7pt 66.0% 1.3pt
ATK (000) 2,016,922 10.9% 8,034,857 10.5%


Source: Cathay Pacific Airways Limited
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