Cathay Set For `98 Loss
Hong Kong's Cathay Pacific Airways, long one of the world's most consistent money makers, is expected to post a $64-million loss on $3.6 billion in revenues for fiscal 1998. The loss is not surprising; Cathay posted a midyear operating loss of $22.6 million (AW&ST Aug. 10, 1998, p. 36). Its 1997...
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