Annual Report 2004

Statistics
Productivity
HK$
3.0
Note: Based on year end share price, where applicable.
2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Cost per ATK HK$ 2.07 2.00 2.13 2.36 2.32 2.24 2.34 2.60 2.64 2.80
ATK per HK$’000 staff cost Unit 1,978 1,825 1,798 1,725 1,725 1,669 1,533 1,446 1,403 1,327
Aircraft utilisation Hours per day 12.0 11.4 12.1 12.1 12.9 12.4 12.2 11.8 11.4 10.8
Share prices HK$
High 16.4 15.5 13.6 14.3 17.6 16.8 8.9 16.4 14.9 12.8
Low 12.5 8.4 9.9 6.1 10.3 7.4 4.7 5.4 10.6 10.0
Year-end 14.7 14.8 10.7 10.0 14.4 13.9 7.7 6.3 12.2 11.8
Price ratios (Note) Times
2.5
2.0
1.5
1.0
0.5
0.0
Hours per day
14
12
10
8
6
4
2
0
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
COST PER ATK ATK PER HK$’000 STAFF COST
AIRCRAFT UTILISATION SHARE PRICE
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Price/Earnings 11.2 37.9 9.0 50.8 9.7 21.6 (46.9 ) 12.8 10.2 11.4
Market capitalisation/
Shareholders’ funds 1.5 1.6 1.1 1.1 1.5 1.7 1.0 0.8 1.6 2.0
Price/Cash flow 4.5 7.8 3.8 7.2 5.9 7.0 6.4 4.5 6.1 4.9
70 Cathay Pacific Airways Limited 2004 Annual Report
Average share
price in HK$ Average HSI
16
16,000
14
12
10
8
6
4
2
0
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2004
Cathay Pacific share price Hang Seng Index (HSI)
14,000
12,000
10,000
8,000
6,000
4,000
2,000