Dragonair sets New Record for Cargo in November 2005

Dragonair set a new cargo volume record in November 2005, carrying more than 35,000 tonnes in a single month for the first time in its history. The total of 35,529 tonnes surpassed a mark established in October last year.

Passenger numbers also rose year-on-year, rising 9.7% over the same month in 2004 to 440,416.

“The October-December period is shaping up into our best quarter this year in terms of headline numbers,” said CEO Stanley Hui.

“Cargo had an excellent month, because November is traditionally a peak time for shipments. Shipments from Europe were particularly strong on a month-month basis due to demand for charter flights to Japan for Beaujolais wine from France.

“The number of passengers remained over 400,000 for a second consecutive month, and we expect a similar situation in December. Both individual traveller and group travel numbers saw robust growth, partly driven by promotions in several markets.”

Mr Hui continued, “We do see, however, that the overall travel market is becoming more price sensitive, which continues to place pressure on yields. This, combined with the high price level of oil, is making for a more difficult environment at the operating level. And unfortunately we expect these factors to persist in 2006.”

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