Cathay Pacific forecasts narrower loss in first half

HONG KONG (China Daily/Asia News Network): Hong Kong's Cathay Pacific Airways Ltd expects a lower first-half loss than last year, driven by strong cargo performance and cost-cutting, the airline said on Tuesday (June 14), but warned that this year's loss would still be "substantial".

Last year's first-half loss was HK$7.57 billion (US$964.34 million).