Cathay expects 2010 profit to exceed 2007; to nearly triple 2009 result

Cathay Pacific stated it expects net profits for the 12 months ended 31-Dec-2010 to be "not be less than HKD12.5 billion (USD1.6 billion)" as demand for passenger and cargo services has "remained very strong with revenues at high levels". The anticipated result is nearly triple its full-year profit from HKD4.69 billion in 2009 and would represent a record result for the carrier. Cargo and passenger traffic was up strongly in Oct-2010