Cathay half-year profit misses estimates on fuel-hedging loss
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CATHAY Pacific Airways Ltd, Asia's biggest international airline, reported first-half profit that missed analyst estimates as losses from hedging fuel masked the gains from carrying more passengers.
Net income in the six months through June fell to HK$353 million (S$61.2 million) from HK$1.97 billion a year earlier, Cathay said on Wednesday. That fell short of the HK$1.07 billion median estimate in a Bloomberg News survey of four analysts. Sales fell to HK$45.7 billion, down 9.3 per cent.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
