Cathay Pacific Airways said it expects to report a HK$7.6 billion ($980.2 million) unrealized mark-to-market loss on its fuel hedging contracts for 2008 and that its full-year financial result is "still expected to be disappointing." It issued a profit warning two months ago and said that "revenue has continued to weaken" since that time (ATWOnline, Nov. 7, 2008). Premium traffic has "fallen significantly," it said in a new filing to the Hong Kong Stock Exchange, adding that currency ...

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