Wednesday, August 13, 2008

Cathay Pacific reports losses

The August 7 issue of the Financial Times reported Hong Kong based Cathay Pacific slipping into its first interim loss since 2003. For the first six months of 2008 Cathay, Asia's third largest carrier by market value incurred a net loss of HK$633 million (US$85 million) compared with a profit of HK$2.5 billion a year ago.

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