Cathay Pacific Airways A330-300. Courtesy, Airbus Hong Kong-based Cathay Pacific Airways (CX), which has warned its first-half results are “expected to be disappointing,” said it will cut costs and reduce capacity as operating costs rise due to high fuel prices and economic uncertainty. CX COO Ivan Chu said fuel costs, which account for 42% of the total operating expenses, and fuel hedging is not enough to offset rising fuel expenses. CX CEO John Slosar said the ...

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