Cathay Pacific Airways 747-8F. Courtesy, Boeing China Eastern Airlines (MU) and Cathay Pacific Airways (CX) have downgraded their first-quarter profit forecasts citing the slowdown of market demand and high fuel prices. They also pointed to increasing global economic uncertainties and political turmoil in Middle East for the forecast downgrade. MU expects its first-quarter profit to drop by more than half from CNY1.01 billion ($155.8 million) reported in the year-ago quarter (ATW ...

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