Hong Kong-based Cathay Pacific Airways has reported net income of $13.8
million for the first six months of 1999, compared with a net loss of $22.4 million last
year.
Revenue increased 1.4 percent year-over-year to $1.7 billion at the
carrier, lending evidence to reports that Asia’s aviation market is
recovering.
Cathay would have reported a bigger improvement in earnings without a
one-time charge of $64 million related to a two-week pilot dispute in May and June.
Cargo sales rose 8.7 percent to $468.3 million on a rise in exports from Hong
Kong, as well as northern and southern Asia, the carrier said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now