Hong Kong flag carrier Cathay Pacific Group posted a full-year result of HK$3.15 billion ($406 million) in net profits for 2014, up 20.2% year-over-year (YOY) over the Hong Kong-based company’s net take of HK$2.6 billion in 2013. Acknowledging a difficult first half of 2014—in which the Group was affected by high fuel prices, lower passenger yield, ongoing weakness and overcapacity in its air cargo market—Cathay’s business rebounded in the second half. The ...

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