cathay-pacific-sees-red

Cathay Pacific sees red

The airline's profits plunge 222% to a record $1.1 billion annual loss mainly due to fuel hedges.

Edward Russell

March 12, 2009

Hong Kong-based Cathay Pacific Airways fell deep into the red in 2008 during one of the most volatile years on record for the global airline industry.

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#cathay pacific
#fuel hedge
#tony tyler
#christopher pratt