Cathay Pacific Releases November Traffic Figures

18 Dec 2001

Cathay Pacific Airways continued to experience poor market conditions in November as a result of the deepening global economic downturn and weak travel demand. The number of passengers carried was 803,656, 13.8% less than in the same month last year. The volume of passenger traffic, measured in revenue passenger kilometres (RPKs), was 15.3% lower than the comparable figure for November 2000, with North Asian routes showing particular weakness. The amount of cargo carried was 67,538 tonnes, 6.5% lower than the same month last year.

For the first eleven months of 2001 the number of passengers carried was down 5.3%, and the amount of cargo carried was down 9.1% compared to the same period last year.

Cathay Pacific's General Manager Revenue Management, Sales & Distribution Ian Shiu said: "The November figures show a continuation of the pattern of weak market demand for both passenger and cargo services. Load factors are still down, and yields have also fallen as a result of weak front-end demand and the introduction of various initiatives to match aggressive pricing activities launched by competitors. We expect market conditions to remain challenging for the foreseeable future."

Cathay Pacific Airways
Corporate Communication Department