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Cathay Pacific H1 profit drops amid China slowdown

Wednesday, August 17, 2016 - 13:15
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Hong Kong's flag carrier Cathay Pacific on Wednesday said its first-half net profit dropped 82 percent to HK$353 million (S$61.2 million) from a year earlier, amid a Chinese economic slowdown and intense competition in the industry.

[HONG KONG] Hong Kong's flag carrier Cathay Pacific on Wednesday said its first-half net profit dropped 82 percent to HK$353 million (S$61.2 million) from a year earlier, amid a Chinese economic slowdown and intense competition in the industry.

The airline's revenue for the period also fell 9.3 per cent to HK$45.68 billion.

AFP