Air Transport World

Cathay Pacific Airways.(Asia/Pacific report)(first-half net loss)(Brief Article)

Cathay Pacific Airways' strong first quarter helped to mitigate the damage inflicted by the SARS outbreak as it reported a first-half net loss of HK$1.24 billion ($159.1 million). "This was without a doubt the most challenging period in Cathay Pacific's history," stated Chairman James Hughes-Haller.

First-half turnover declined 20.9% to HK$12.27 billion, with passenger services down 30.2% to HK$7.44 billion. Freight demand remained strong, with cargo revenues rising 4. …

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