Cathay Pacific Profit Flat; Fuel Costs Up, Yields Drop
Cathay Pacific yesterday reported a HK1.67 billion first half net profit, which was unchanged from last year as high fuel prices could not offset a 13.4% jump in fuel prices. The airline reported that fuel expenses soared by more than 30% to HK8.7 billion as the average prices increased 29% to US$2...
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