Cathay Pacific Group operating profit up 50%

Cathay Pacific Group revenue down 3% - financial highlights for 12 months ended 31-Dec-2015:

• Revenue: HKD102,342 million (USD13,202 million), -3.4% year-on-year;
• • Passenger: HKD73,047 million (USD9423 million), -3.5%;
  • Cargo: HKD23,122 million (USD2983 million), -9.0%;
• Total operating costs: HKD95,678 million (USD12,342 million), -5.8%;
• • Fuel: HKD32,968 million (USD4253 million), -18.2%;
  • Labour: HKD18,990 million (USD2450 million), +4.9%;
• Operating profit: HKD6664 million (USD859.7 million), +50.3%;
• Net profit: HKD6308 million (USD813.7 million), +82.8%;
• Passenger numbers: 34.1 million, +7.9%;
• Passenger load factor: 85.7%, +2.4 ppts;
• Passenger yield: HKD 59.6 cents (USD 7.7 cents), -11.4%;
• Cargo volume: 1.8 million tonnes, +4.4%;
• Cargo yield: HKD1.9 (USD 24.5 cents), -13.2%;
• Aircraft utilisation: 12.2 hours per day, stable;
• Total assets: HKD172,827 million (USD22,295 million);
• Liquid funds: HKD20,647 million (USD2663 million);
• Total liabilities: HKD124,850 million (USD16,106 million). [more - original PR]

*Based on the average conversion rate at HKD1 = USD0.129