Cathay Pacific 747-8F. Courtesy, Boeing Cathay Pacific Group reported a net profit of HK$916 million ($118 million) for 2012, down 83.3% from a HK$5.5 billion profit in the year-ago period. The carrier cited high fuel prices, economic uncertainty, particularly in the eurozone countries and an increasingly competitive environment for the profit decline. Operating revenue grew 1.0% to HK$99.38 billion while operating expenses jumped 5.03% to HK97.59 billion. Fuel costs increased 0.8% ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.