Cathay Pacific’s H1 Profit Plunges 82% on China Slowdown
2016-08-17Reading Time: < 1 minute Hong Kong airline Cathay Pacific Airways’s first-half net profit tumbled 82% amid slower Chinese economic growth and falling consumer demand for premium class seats on long-haul routes, sending its shares down almost 8 percent. Net profit for the six months ended June 30 fell to HK$353 million ($45.52 million) from HK$1.97 billion in the same […]