HONG KONG -- Cathay Pacific Airways posted its worst first-half loss in nearly two decades on Wednesday, but Hong Kong's flagship carrier had no plans to dramatically change its strategy in fuel-hedging or to launch its own budget carrier to fend off competition.
The premium airline reported a net loss of 2.05 billion Hong Kong dollars ($262 million) in the first six months of this year, compared with a first-half profit of HK$353 million in the same period last year. Its revenue edged up just 0.4% at HK$45.86 billion in the first half from a year ago.
