Hong Kong: Cathay Pacific Airways, Hong Kong's biggest carrier, posted a second-half profit after paring capacity and selling a stake in a maintenance venture. The HK$3.9 billion (Dh1.84 billion) profit compared with a loss of HK$7.9 billion a year earlier, based on annual results announced yesterday. Sales fell 18 per cent to HK$36 billion. Cathay made a HK$1.25 billion gain last year from the sale of shares in Hong Kong Aircraft Engineering Co as it boosted cash holdings and trimmed services...
Full Story: Gulf News
