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Cathay's profit margins under pressure as fuel-hedging losses mount

Shares of Cathay have declined 4.6 per cent this year, compared with a 4.6 per cent gain in the benchmark Hang Seng Index.

Hong Kong

CATHAY Pacific Airways Ltd, the marquee Hong Kong airline, suffered millions of dollars in losses from fuel-hedges in the past two years. With the city's government adding new fees on passengers to fund the building of a runway, the carrier faces more challenges to retain profit