Cathay Pacific full-year profit rises 71.8%

Cathay Pacific Airways reported a profit attributable to shareholders of HK$7.02 billion ($901.9 million) in 2007, up 71.8% from the HK$4.08 billion earned in 2006. The result featured a full-year contribution from lower-cost subsidiary Dragonair. Separate results for each airline were not provided. "We are very pleased with our 2007 result, which was driven largely by consistently strong passenger demand," Chairman Christopher Pratt said. "The synergies between Cathay Pacific and Dragonair ...