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Cathay Pacific earnings up in the second part of the financial year

Beijing, China - The carrier reported a 4,3 percent rise

Hong Kong-based Cathay Pacific Airways announced that earnings increased 4,3 percent in the second part of the financial year 2004-2005 mainly due to a growth in demand which allowed the carrier to offset high fuel costs. The carrier warned however that rebounding crude oil prices and competition from Singapore-based Jetstar Asia and Malaysia’s AirAsia obscure predictions for 2005.

AVIONEWS - World Aeronautical Press Agency - 115931
Rome, Italy, 03/09/2005 17:10
AVIONEWS - World Aeronautical Press Agency

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