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Ouch. Looks like fuel costs are really biting hard - it's a -125.7% change on last year's 1st Half result.
Ouch. Looks like fuel costs are really biting hard - it's a -125.7% change on last year's 1st Half result.
Cathay Pacific Airways today announced a loss of HK$663 million in its 2008 Interim Results. This compares to a profit of HK$2,581 million in the first half of 2007. The big change in the company’s financial performance was entirely due to the relentless rise in the cost of jet fuel in recent months.