Cathay tumbles to first half loss

Cathay Pacific flight CX105, operated by Airbus A350-900 B-LRI arrives in Melbourne. (Cathay Pacific)

Cathay Pacific has slumped to a $HK2 billion first half loss amid intense competition, higher fuel prices and weak demand across a number of markets including its Australian operations, which performed below expectations. The airline reported a net loss of HK$2.051 billion (A$330 million) for the six … [Read more...]