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airways

Cathay Pacific Airways losses double after rising fuel costs and relentless competition

Cathay Pacific’s losses more than doubled last year because of rising fuel costs and relentless competition from rival carriers, the Hong Kong airline said Wednesday. The airline posted a 1.26 billion Hong Kong dollar ($218 million) loss for 2017, compared with a HK$575m loss the year before. Revenue rose 5 per cent. “Fundamental structural changes within the airline industry continued to create a challenging operating environment for our airline businesses,”… Read Article →