Cathay Pacific Annual Report

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Cathay Paci c Airways Limited
Stock Code: 00293

2012
Interim Report

Hong Kong

— — — —

Cathay Pacific Cathay Pacific Freighter Dragonair Air Hong Kong

COntentS
2 3 5 14 19 22 24 39 Financial and Operating Highlights Chairman’s Letter 202 Interim Review Review of Operations Financial Review Review Report Condensed Financial Statements Information Provided in Accordance with the Listing Rules

COrPOrAte inFOrmAtiOn
Cathay Pacific Airways Limited is incorporated in Hong Kong with limited liability.

inveStOr reLAtiOnS
For further information about Cathay Pacific, please contact: Corporate Communication Department Cathay Pacific Airways Limited 7th Floor, North Tower Cathay Pacific City Hong Kong International Airport Hong Kong Tel: (852) 2747 520 Fax: (852) 280 6563 Cathay Pacific’s main Internet address is www.cathaypacific.com



Cathay Pacific is an international airline registered and based in Hong Kong, offering scheduled passenger and cargo services to 67 destinations in 42 countries and territories around the world. The Company was founded in Hong Kong in 946 and remains deeply committed to its home base, making substantial investments to develop Hong Kong as one of the world’s leading international aviation hubs. In addition to its fleet of 35 aircraft, these investments include catering and ground-handling companies and the corporate headquarters at Hong Kong International Airport. Cathay Pacific continues to invest heavily in its home city and had another 90 new aircraft due for delivery up to 209 as at 30th June 202. The airline is also building its own cargo terminal in Hong Kong which is expected to begin operations in early 203. Hong Kong Dragon Airlines Limited (“Dragonair”) is a regional airline registered and based in Hong Kong. It is a wholly owned subsidiary of Cathay Pacific and operates 35 aircraft on scheduled services to 38 destinations in Mainland China and elsewhere in Asia. Cathay Pacific owns 9.53% of Air China Limited (“Air China”), the national flag carrier and a leading provider of passenger, cargo and other airline-related services in Mainland China. Cathay Pacific is also the majority shareholder in AHK Air Hong Kong Limited (“Air Hong Kong”), an all-cargo carrier offering scheduled services in the Asian region. Cathay Pacific and its subsidiaries employ some 29,800 people worldwide (more than 22,000 of them in Hong Kong). Cathay Pacific is listed on The Stock Exchange of Hong Kong Limited, as are its substantial shareholders Swire Pacific Limited (“Swire Pacific”) and Air China. Cathay Pacific is a founding member of the oneworld global alliance, whose combined network serves more than 800 destinations worldwide. Dragonair is an affiliate member of oneworld.

Cathay Pacific Airways Limited Interim Report 2012

Financial and Operating Highlights

2

GrOuP FinAnCiAL StAtiStiCS
2012 20 Change Six months ended 30th June

results Turnover (Loss)/profit attributable to owners of Cathay Pacific (Loss)/earnings per share Dividend per share (Loss)/profit margin HK$ million HK$ million HK cents HK$ %

48,861 (935) (23.8) – (1.9)
30th June

46,79 2,808 7.4 0.8 6.0
3st December

+4.4% -133.3% -133.3% -100.0% -7.9%pt

Financial position Funds attributable to owners of Cathay Pacific Net borrowings Shareholders’ funds per share Net debt/equity ratio HK$ million HK$ million HK$ Times

53,385 29,552 13.6 0.55

55,809 23,738 4.2 0.43

-4.3% +24.5% -4.2% +0.12 times

OPerAtinG StAtiStiCS – CAtHAy PACiFiC And drAGOnAir
2012 20 Change Six months ended 30th June

Available tonne kilometres (“ATK”) Available seat kilometres (“ASK”) Passengers carried Passenger load factor Passenger yield Cargo and mail carried Cargo and mail load factor Cargo and mail yield Cost per ATK (with fuel) Cost per ATK (without fuel) Aircraft utilisation On-time performance

Million Million ‘000 % HK cents ‘000 tonnes % HK$ HK$ HK$ Hours per day %

12,944...
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