Cathay stays bullish through another year of weak air cargo demand

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Hong Kong-based Cathay Pacific has released its full-year 2013 results, and while the company as a whole had an excellent year, with profit more than tripling to US$337 million, cargo activities suffered in comparison with 2012. As Cathay said in its report: “The group’s cargo business has been adversely affected by weak demand since April 2011. There was some recovery in business during the last three months of 2013, though business was still weaker than the same period of 2012.”