
Cathay Pacific flags weakening yields, posts HK$3.7B H1 profit and orders US$8B in Boeing 777-9s
Cathay Pacific warned of declining airfares and an uncertain cargo outlook as it reported a HK$3.7 billion first-half profit, up modestly on stronger passenger volumes and lower fuel costs. The Hong Kong carrier also committed to 14 Boeing 777-9s, worth roughly US$8 billion, bringing its total 777-9 order book to 35.