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Cathay Pacific sees easing in swine flu impact, but ongoing weakness in premium demand

Analysis

Cathay Pacific reported a 9.9% fall in passenger numbers in Jul-2009 to 2.1 million (including Dragonair), while capacity (ASKs) fell by 7.5%, resulting in a 0.6 pps fall in load factor to 83.5%. The airline noted that the adverse impact of swine flu on regional demand continued in July, "although there was a pickup in leisure travel towards the end of the month as concerns eased in some markets".

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