Cathay Pacific 2005 Profit Drops 25% Due To Fuel
Cathay Pacific yesterday posted a sharp 25% drop in 2005 profits to HK$3.3 billion (US$425 million) as even record revenues failed to offset high fuel prices. Revenues jumped 19.1% to a record HK$50.9 billion (US$6.5 billion), but fuel expenses for the year increased 67.2% to HK$15.6 billion (US$2...
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