Cathay Pacific Airways is back in the black after achieving a group attributable profit of HKD1.3 billion ($166.4 million) for the first six months of 2019, reversing a HKD263 million loss over the same period in 2018. According to the Hong Kong-based company, the improved earnings were a result of reduced fuel costs and other expenses, and a 5.6% year-over-year (YOY) improvement in passenger revenue of HKD37.4 billion as a result of introducing new routes and strengthening popular ...

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