Lower Fuel Prices To Give HK$2 Billion Benefit To Cathay Pacific
Cathay Pacific is expected to save roughly HK$2 billion (US$258 million) per year in 1998 and 1999 due to the lower cost of jet fuel, according to a report from Salomon Smith Barney. One reason for the large fuel savings is that Cathay paid 20% more for fuel in 1997 than it should have, the report...
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