HONG KONG: Cathay Pacific Airways Ltd, Asia’s third largest airline by market value, held first half earnings steady as booming travel offset climbing costs, but warned that sky-high fuel prices could overshadow its second half.
Cathay, which this year unveiled a US$1.05bil acquisition giving it long-coveted access to booming Chinese aviation markets, struggled in the first half to cope with a 30.4% surge in fuel spending to HK$8.68bil (US$1.12bil).
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