Cathay Pacific upgrades FY2010 forecast on the back of improving traffic

Cathay Pacific upgraded (10-May-2010) its forecast for FY2010, with the carrier now expecting "strong" financial results for 1HFY2010 and, if present trends continue, for 2HFY2010, due to an improvement in cargo and premium passenger revenues from the end of 2009. The carrier warned significant increase in fuel prices or any deterioration of the economy remains a threat to profitability. [more]