Cathay posts $1.1 billion 2008 loss, first annual deficit since 1998
Cathay Pacific Airways reported its first full-year net loss in a decade, posting a 2008 deficit of HK$8.56 billion ($1.1 billion), reversed from net income of HK$7.02 billion in 2007. CX said the loss was attributable to shrinking passenger and cargo demand combined with a HK$7.97 billion noncash...
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