Cathay Turns Tiny Profit As Revenue Plummets 12%
Cathay Pacific managed to report a small HK$657 million (US$84 million) net profit for 2001, while sharply lower business- and first-class revenue led to annual sales of HK$30.4 billion ($3.9 billion), down 11.8%. The net profit was down significantly from 2000's record year, when the airline posted...
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