No account yet?
Subscription Options
Subscribe via RSS, or
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at

Stars Recent Headlines
Good News Dallas
Cathay Pacific Profits Slump 83% Print E-mail
by Tom McGregor    Wed, Mar 13, 2013, 03:26 AM

Acrew Cathay.jpgBEIJING:  Hong Kong-based airlines Cathay Pacific had reported an 83% drop in profits amidst higher fuel costs and a plunge in demand for corporate travel.

According to the BBC News, "the carrier made a net profit of 916m Hong Kong dollars ($118m) in 2012, down from HK$5.5bn a year ago."

Cathay disclosed that weak cargo demand and rising competition in the region also impacted its profitability.

As reported by the BBC, “the airline industry has been hit hard by an economic slowdown in key markets such as the US and Europe.”

The slowdown, which has harmed consumer demand, has witnessed companies scale back on corporate travel, a pivotal driver of growth for airlines.

To read the entire article from the BBC News, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Share This Story on Facebook
Comments (1)add comment
written by Jonathan Green , March 13, 2013

Habemus papum.

Write comment
smaller | bigger

< Prev   Next >