by winston » Fri Jan 16, 2015 8:29 am
not vested
Cathay flies high over holidays
Cathay Pacific Airways (0293) yesterday said passenger volumes last year rose 5.5 percent and capacity grew by 5.9 percent from 2013.
Cathay and subsidiary Dragonair saw passenger numbers jump 6.5 percent in December from a year back, to 2.77 million.
For all of 2014, the two airlines carried 31.57 million passengers, up 5.5 percent, as passenger load factor rose 1.1 percentage points to 83.5 percent, thanks to a strong Christmas and New Year peak season.
Cathay general manager revenue management Patricia Hwang Wai-tung said a number of uplift records over the holiday period were broken.
She said demand from Hong Kong to vacation destinations in North Asia and Southeast Asia was consistently strong.
"However, we saw a falloff in demand in the premium cabins, which put downward pressure on yield," Hwang said.
In December, the two airlines carried 156,603 tonnes of cargo, up 12.2 percent. Load factor rose 4.9 percentage points to 68.2 percent, while capacity grew 6.6 percent.
For 2014, tonnage rose 12 percent and capacity 10.4 percent.
Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"