Cathay Profit Margin Strained as Fuel Hedging Losses MountBy and
Carrier may report net income fell 46% in first half of 2016
Airport levy threatens to depress fares already under pressure
Cathay Pacific Airways Ltd., the marquee Hong Kong airline, suffered millions of dollars in losses from fuel-hedges in the past two years. With the city’s government adding new fees on passengers to fund building a runway, the carrier faces more challenges to retain profit margins.
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