Cathay Pacific says sees freight business slowing in Q3

Monday, 15 August 2011 00:01 -     - {{hitsCtrl.values.hits}}

(Reuters) - Cathay Pacific Airways Ltd , Asia’s No.4 air carrier by market value, said last week that it expects its freight business to slow in the third quarter as a result of economic uncertainties.

A senior executive made the comments during a news conference after the company posted a 59 percent fall in first-half net profit, although the performance beat market forecasts.