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Cathay profit surges but falls short of estimates amid competition

Passenger yields down; better second half seen
Thursday, August 14, 2014 - 06:00

[HONG KONG] Cathay Pacific Airways Ltd, Asia's biggest international airline by passengers, reported profit that lagged behind estimates as competition with Middle East carriers held down fares and losses from affiliates widened. Net income jumped 14-fold to HK$347 million (S$56 million) in the

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