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12th May 2009, 23:59
Article - WSJ.com (http://online.wsj.com/article/BT-CO-20090512-705018.html)
HONG KONG (Dow Jones)--Cathay Pacific Airways Ltd. (0293.HK) said Tuesday it carried 8.8% more passengers in April than a year earlier, helped by growth in demand during the Easter holidays.
The Hong Kong-based airline and its China-focused unit, Hong Kong Dragon Airlines Ltd., carried 2.25 million passengers for the month, while air cargo traffic fell 13% to 123,179 metric tons. Year-earlier figures weren't provided.
The airline said the rise in passenger numbers in April was mainly because Easter fell in a different month last year, but it said its price-cutting measures for economy class tickets stimulated some demand for parts of the month.
"The slump in demand for premium traffic continued unabated across the network, and this, combined with lower fares and adverse currency movements, again placed significant downward pressure on yields," said Tom Owen, Cathay Pacific's general manager for revenue management.
For the month, Cathay Pacific's passenger revenue, as measured by revenue passenger kilometers, rose 5.3% to 7.89 billion RPKs, while passenger capacity, as measured in available seat kilometers, rose 1.1% to 9.54 billion ASKs.
Its passenger load factor for April rose 3.2 percentage points from a year earlier to 82.6%.
-By Jeffrey Ng, Dow Jones Newswires; 852-2802-7002; [email protected]
HONG KONG (Dow Jones)--Cathay Pacific Airways Ltd. (0293.HK) said Tuesday it carried 8.8% more passengers in April than a year earlier, helped by growth in demand during the Easter holidays.
The Hong Kong-based airline and its China-focused unit, Hong Kong Dragon Airlines Ltd., carried 2.25 million passengers for the month, while air cargo traffic fell 13% to 123,179 metric tons. Year-earlier figures weren't provided.
The airline said the rise in passenger numbers in April was mainly because Easter fell in a different month last year, but it said its price-cutting measures for economy class tickets stimulated some demand for parts of the month.
"The slump in demand for premium traffic continued unabated across the network, and this, combined with lower fares and adverse currency movements, again placed significant downward pressure on yields," said Tom Owen, Cathay Pacific's general manager for revenue management.
For the month, Cathay Pacific's passenger revenue, as measured by revenue passenger kilometers, rose 5.3% to 7.89 billion RPKs, while passenger capacity, as measured in available seat kilometers, rose 1.1% to 9.54 billion ASKs.
Its passenger load factor for April rose 3.2 percentage points from a year earlier to 82.6%.
-By Jeffrey Ng, Dow Jones Newswires; 852-2802-7002; [email protected]