Special items, cuts return Cathay Pacific to profit

Cathay Pacific Group returned to profit in 2009, posting a HK$4.69 billion ($604.9 million) surplus that was reversed from a restated 2008 loss of HK$8.7 billion, as fuel hedges, one-time gains and capacity and cost cuts boosted the bottom line. Revenue dropped 22.6% to HK$66.98 billion, but the...

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