Cathay Pacific posts sharp rise in 1H profits on reduced costs

Credit: Rob Finlayson
Cathay Pacific Group reported a first-half net profit of HK$1.97 billion ($254 million), up nearly sixfold from HK$347 million net profit in the year-ago half. First-half revenue for the Hong Kong flag carrier was down 0.9% to HK$50.4 billion, with declines in both passenger and cargo sectors, while...

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