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Cathay’s profits fall 61%

Victoria Tozer-Pennington
By Victoria Tozer-Pennington Mar 15, 2012 1 mins read
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Cathay’s profits fall 61%

Cathay Pacific Airways has announced a 61% fall in profits last year due to persistently high fuel prices and weakness in the world’s major economies. The airline 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 whic...

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