Cathay Pacifi c posts 61% net profit plunge in 2011
Updated: 2012-03-15 08:47
By Li Tao(HK Edition)
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A Cathay Pacifi c Airways' jetliner prepares to land at Chek Lap Kok Airport in Hong Kong. The carrier reported a 61 percent net profit drop in 2011 on Wednesday, due to higher fuel cost and shorter demand of cargo shipments in Hong Kong and the mainland. Jerome Favre / Bloomberg |
Airline warns of more challenges ahead amid high fuel costs
litao@chinadailyhk.com
(HK Edition 03/15/2012 page2)