Cathay Records Profit Despite High Fuel Prices
Cathay Pacific despite increased fuel costs posted a profit of HK$4.1 billion (US$524.5 million) for the year ended Dec. 31, up 24% from the previous year. Revenue hit a record high HK$60.8 billion (US$7.77 billion), up 19.4%, with passenger sales accounting for HK$33.5 billion. Expenses jumped 18.8...
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