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Cathay half-year profit misses estimates on fuel-hedging loss
Published Wed, Aug 17, 2016 · 09:50 PM
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 i…
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