Cathay Pacific first-half net profit surges to nearly $45mn

HONG KONG: Hong Kong flag carrier Cathay Pacific announced a first-half net profit of HK$347 million ($44.77 million) on Wednesday, helped by increasing passenger revenue and strong demand for long-haul flights.

The blue-chip Asian airline's net profit for the first six months of 2014 ending June 30 represented an increase of 1,345.8 percent compared to the same period last year, when it stood at HK$24 million.