Cathay Pacific’s first half reflects problems of the air industry

Article Date : 13 August 2008
News Section: China

Cathay Pacific’s interim result does not make for encouraging reading. Operating profit margin dropped into negative territory in the first half of 2008, compared to a double-digit margin in the full year of 2007. Cathay’s earnings report stated the big change in the company’s financial performance ‘was entirely due to the relentless rise in the cost...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/airtravel/2008/08/14/cathay-pacifics-first-half-reflects-problems-of-the-air-industry.html

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