Cathay Pacific demand stalls as capacity surges

Cathay Pacific carried just 0.5% more passengers in Aug-08, despite growing capacity (ASKs) by 14% year-on-year. General Manager Revenue Management, Tom Owen, stated the Beijing Olympics and the impact of the two typhoons that hit Hong Kong had a "negative impact on passenger numbers for the month”. [767 words]

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This report contains the following subheadings:

• Premium demand shows signs of softening
• Cargo also slumps in Aug-08
• Investing for long-term - construction starts on freight terminal
• Cargo and training contracts signed

This report contains the following charts and tables:

• Cathay Pacific's passenger capacity growth by region (% change year-on-year): Sep-07 to Aug-08
• Cathay Pacific's passenger load factor growth (declines) by region (ppts change year-on-year): Aug-08
• Cathay Pacific's passenger load factor by region (%): Sep-07 to Aug-08
• Cathay Pacific's passenger numbers growth vs cargo volume growth (% change year-on-year: Sep-07 to Aug-08