Overview of 2010
Understanding our business
The Group reported a record attributable profit of HK$14 billion in 2010, a result which reflects a continued and significant recovery in its core business following the extremely challenging conditions experienced for much of 2009 and a significantly increased contribution from Air China. It also includes gains from the disposal of shares in Hong Kong Air Cargo Terminals Limited (HACTL) and Hong Kong Aircraft Engineering Company Limited (HAECO), and on the deemed disposal of shares in Air China, partly offset by the fine imposed by the European Commission arising out of its cargo investigation.
| First in Asia's Most Admired Companies Wall Street Journal Asia's annual poll
(for the 5th consecutive year) |
Best New Lounge Award Travel + Leisure Magazine, US edition |
| Cargo Airline of the Year Centre for Asia Pacific Aviation Awards |
Carrier of the Year Canadian International Freight Forwarder Association |
| Favourite Business Airline Condé Nast Traveller Magazine Readers Travel Awards |
Best Frequent Flyer Programme - Asia Miles Business Traveller Asia-Pacific Travel Awards |
| Total Caring Award Hong Kong Council of Social Services |
|
| World's Best Regional Airline Skytrax World Airline Awards |
Best Regional Airline TTG Asia Travel Awards |
| Best Airline Economy Class Business Traveller China reader survey |
|
| Direct economic value generated |
|
|
|
| Turnover |
89,524 |
66,978 |
33.7% |
| Finance income |
677 |
588 |
15.1% |
| Surplus on sales of investments |
2,165 |
1,254 |
72.6% |
| Gain on deemed disposal of an associate |
868 |
- |
N/A |
| Share of profits of associated companies |
2,587 |
261 |
891.2% |
|
95,821 |
69,081 |
38.7% |
| Economic value distributed |
|
|
|
| Purchases of goods and services |
58,294 |
44,219 |
31.8% |
| Employee wages and benefits |
13,850 |
12,618 |
9.8% |
| Payments to providers of capital |
6,207 |
1,998 |
210.7% |
| Taxation charge |
1,462 |
283 |
416.6% |
Community investments including charitable donation
- Direct payment |
11 |
10 |
10% |
| - In the form of discounts on airline travel |
5 |
4 |
25% |
|
79,829 |
59,132 |
35.0% |
| Economic value retained |
|
|
|
| - Depreciation |
6,316 |
5,652 |
11.7% |
| - Profit after dividends |
9,681 |
4,301 |
125.1% |
| Retained for re-investment and future growth |
15,997 |
9,953 |
60.7% |
Note:
The above table summarises the distribution of the economic value generated from the Group which includes Cathay Pacific and all its subsidiaries including Dragonair and Air Hong Kong. Share of profits of associated companies include our share of profits of Air China and HAECO (up to the date of sale). Please refer to our 2010 Annual Report page 96-97 for details of our principal subsidiaries and associates. |
| Aircraft Type |
| BOEING |
| 777-200 |
777-300 |
777-300ER |
747-400 |
747-400F |
747-400BCF |
747-400ERF |
|
|
TOTAL |
| Passenger |
|
|
104 |
| Freighter |
|
|
24 |
| Average age (years) |
| 13.57 |
9.62 |
2.00 |
18.68 |
11.22 |
16.98 |
2.02 |
|
|
10.74 |
| Total |
|
|
128 |
| Aircraft Type |
| AIRBUS |
| A320-200 |
A321-200 |
A330-300 |
|
TOTAL |
|
| Passenger |
|
31 |
|
| Average age (years) |
|
10.45 |
|
| Total |
|
31 |
|
