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Hong Kong's Cathay Pacific posts USD406m net profit in 2014
(MENAFN) Hong Kong flag carrier Cathay Pacific posted a net profit of USD406 million, marking a 20.2 percent increase but failing to meet expectations, Gulf News reported.
The posted net profit of 2014 marked a 20.2 percent increase over the previous year's figure of USD337.65 million, it said in a filing to the Hong Kong stock exchange.
According to the airline, profits were hit by losses on fuel hedging. However, figures fell short with expectations by analysts from Bloomberg News.
The posted net profit of 2014 marked a 20.2 percent increase over the previous year's figure of USD337.65 million, it said in a filing to the Hong Kong stock exchange.
According to the airline, profits were hit by losses on fuel hedging. However, figures fell short with expectations by analysts from Bloomberg News.
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