Premium economy boost for Cathay
Cathay Pacific Group has reported a HK$24m (£2m) profit for the first six months of 2013, compared to a loss of HK$929m (£77m) in the previous year.
The airline said its new premium economy class, introduced in 2012, is growing in popularity and has helped to improve economy class yield.
Cathay Pacific chairman Christopher Pratt said: "While we continued to operate in a difficult environment in the first six months of 2013, it was pleasing to see some improvement in our business.
"This improvement mainly reflected stronger passenger business and cost reductions. "Our financial position remains strong and we will continue to invest to make our business stronger.
"We will remain focused on our long-term goals while managing short-term challenges.
"The business outlook for the rest of 2013 remains unclear, but our core strengths – a superb team, a strong international network, exceptional standards of customer service, a strong relationship with Air China and our position in Hong Kong – remain firmly in place."
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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