Cathay Pacific H1 profit drops 59%

Author: 
ASSOCIATED PRESS
Publication Date: 
Wed, 2011-08-10 17:14

The airline said it posted profit of HK$2.81 billion ($359.6 million) for the January-June period on revenue of HK$46.79 billion.
It had profit of HK$6.840 billion on turnover of $41.34 billion in the same period last year.
A statement from the airline says “increased jet fuel prices had a significant effect on operating results.”
It says fuel costs are its largest single expenditure.

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