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Cathay Pacific Airways: earnings decreased of 38% in the second half of 2005

Hong Kong, China - Too high fuel's price

Cathay Pacific Airways declared a 38% drop in 2005’s second half earnings due to the rosen fuel’s cost that was not balanced by the growth of passengers. In the examinated period the carrier reported a profit of about USD 210 million, while in the same period of 2004 it was of about USD 341 million. Airline officials underline as fuel’s cost was increased of 67%, with the result that the carrier had t...

AVIONEWS - World Aeronautical Press Agency - 137207

AVIONEWS - World Aeronautical Press Agency
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