Cathay Pacific announces revenue increase of 13%

Cathay Pacific Airways has announced a profit attributable to shareholders of 787 million AED (HK$1,668 million) in its 2006 Interim Results, compared with a profit of 788 million AED (HK$1,670 million) the previous year, as high fuel prices continued to undermine increased productivity and revenue.
Group turnover increased 13.4% to 12,791 Million AED (HK$27,086 million). The Group’s fuel expenditure for the period increased 30.4% to 4099 million AED (HK$8,681 million) as the average price of aviation fuel increased by 28.5% to US$2.0 per American gallon.
Passenger revenue increased 8.7% to 7528 million AED (HK$15,941 million). The number of passengers carried in the first six months of the year increased 11.1% to 8.1 million, compared with a 10.8% increase in capacity. Passenger yield declined 3.0% to HK45.8 cents despite strong demand from first and business class passengers.
10/08/06 Strategiy, United Arab Emirates

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