TOKYO -- Cathay Pacific Airways on Wednesday reported nearly double-digit revenue growth for the first half of the year, thanks to a strong recovery in passenger travel. But investors recoiled as rising expenses weighed on its operating profit.
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Passenger numbers were sharply higher for Cathay Pacific Airways in the first half, but its operating profit declined and its low-cost unit HK Express slipped to a net loss. © Reuters
TOKYO -- Cathay Pacific Airways on Wednesday reported nearly double-digit revenue growth for the first half of the year, thanks to a strong recovery in passenger travel. But investors recoiled as rising expenses weighed on its operating profit.