Cathay Pacific Airways continued to consolidate its position in Asia last year by purchasing low-cost rival Dragonair, firming up its relationship with Air China and posting a profit attributable to shareholders of HK$4.09 billion ($523.4 million), an increase of 24% over earnings of HK$3.3 billion in 2005. The airline said it was able to limit the impact of a 29.7% increase in fuel costs with a 19.4% rise in revenue to HK$60.78 billion, fuel surcharges, a slight lift in yield and a 1.3% ...

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