Hong Kong-based carrier
Cathay Pacific Airways did not escape the fallout from September 11 reporting
an 84.3% fall in operating profit to £70 million for the year ending December
31, 2001.
Turnover also fell by 11.8%
to £2,559 million and Cathay carried 5% fewer passengers. But chairman James
Hughes-Hallet insisted the carrier was in a good position once the global
economy improved having invested in new services to Delhi, Riyadh and Sapparo,
in Japan, and a new business class cabin on its long-haul fleet.