Cathay Pacific 1998 Annual Report Download - page 20

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18 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
Financial Review
The Group’s attributable loss was HK$542 million as compared with a profit of
HK$1,694 million in 1997. This reduction stems from the continued deterioration
in passenger load factors and yields following the downturn in the Asian
economies.
Turnover
Group Cathay Pacific
1998 1997 1998 1997
HK$M HK$M HK$M HK$M
Passenger services 18,532 21,851 18,532 21,851
Cargo services 7,040 7,782 5,738 6,584
Catering and other services 1,123 1,014 ––
Turnover 26,695 30,647 24,270 28,435
We continue to invest in the future of our industry,
our product and our staff to serve our customers.
Cathay Pacific City, our new home, provides an
efficient working environment for our staff with a
range of support services including retail outlets
and a new hotel.