Cathay Pacific forecast to see earnings dive

The good news is that Cathay Pacific Airways remained in the black last year. The bad news is that net profit is likely to have fallen almost 90 per cent to about HK$570 million when the airline group reports its annual results on Wednesday.

While Cathay battled high fuel costs, weak passenger and cargo demand and uncertain economic conditions last year, the outlook for this year looks equally challenging.

via Business feed http://www.scmp.com/business/companies/article/1187868/cathay-pacific-forecast-see-earnings-dive