Hong Kong's Cathay Pacific books H1 loss

Reuters
Posted: 2008-08-06 14:17:38+05:30 IST
Updated: Aug 06, 2008 at 1417 hrs IST

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Hong Kong, August 6: : to 168 million euros ($262 million) -- though that was better than analysts' forecasts -- while Iberia, which is in talks to merge with British Airways, posted a 3.9 million euro quarterly operating loss.

Earlier this week, the International Air Transport Association said global air passenger traffic grew 3.8 per cent in June, its lowest rate of increase in five years, and warned that falling consumer and business confidence and high oil prices meant the situation would "get a lot worse".

IATA has predicted the industry could lose $6.1 billion this year....

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Hong Kong's Cathay Pacific books H1 loss

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