Hong Kong flag carrier Cathay Pacific saw its net profit drop to HK$353 million ($45 million) for the six months through June 30, compared to a profit of just under HK$2 billion in the same period last year. Passenger revenue was down 7.8% to HK$33.4 billion in the half-year. One of the main factors was the removal of fuel surcharges in the Hong Kong market in February. Higher competition, weaker currencies in some markets, and soft premium demand on long-haul routes also contributed to ...

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