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Cathay Pacific passenger numbers up 14% in Feb-2010, yields "materially below pre-downturn levels"

15-Mar-2010 10:55 AM

Cathay Pacific passenger numbers up 14% - consolidated traffic highlights in Feb-2010:

  • Passenger numbers: 2.1 million, +14.0% year-on-year;
  • Passenger traffic (RPKs): +10.5%;
  • Passenger load factor: 84.1%, +7.5 ppts;
  • Cargo volume: 119,801 tonnes, +18.7%. [more]

Cathay Pacific: “The rise in passenger numbers and load factor in February was largely a result of Chinese New Year falling a month later than in 2009, although a general pick-up in the quality of demand since the lows of last year’s economic crisis has continued. Demand was buoyant across both airlines’ networks over the two-week Lunar New Year period, and we were encouraged to see the continuation of premium traffic growth after the holiday period ended. However premium volumes and yields in all cabins remain materially below pre-downturn levels," Tom Owen, General Manager Revenue Management. Source: Cathay Pacific, 12-Mar-2010.