Cathay Pacific first-half profit drops 59% on high fuel prices
Cathay Pacific Airways blamed high fuel prices for a 59% year-over-year drop in net profit to HK$2.8 billion ($359 million) for the first six months of 2011 ( ATW Daily News, Aug. 5, 2010 ). The slump comes despite a 13.2% increase in half-year revenue to HK$46.8 billion. The airline said that...
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