Cathay Pacific’s 2011 profit dives on high fuel prices, weak cargo demand

uggboy · Mar 14, 2012

Hong Kong airline Cathay Pacific’s 2011 profit dives on high fuel prices, weak cargo demand

HONG KONG — Cathay Pacific Airways, Hong Kong’s biggest airline, said Wednesday that profit fell 61 percent last year, hurt by persistently high jet fuel prices and weakness in the world’s major economies.

The airline warned of a challenging outlook for 2012 as it posted a profit of 5.5 billion Hong Kong dollars ($709 million) for 2011, down from 2010’s record HK$14 billion. The 2010 profit which was boosted by some one-time gains. Earnings per share fell to HK$1.40 from HK$3.57.

MORE // SOURCE: http://www.washingtonpost.com/busin...cargo-demand/2012/03/14/gIQAtTgxAS_story.html

AA_EXP09 · Apr 27, 2012

And I thought our YQs were going to what?

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Cathay Pacific’s 2011 profit dives on high fuel prices, weak cargo demand

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Cathay Pacific’s 2011 profit dives on high fuel prices, weak cargo demand

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