17-Nov-2010 12:47 PM
Cathay Pacific shares soar on improved profits and financing news; Skywest shares slump
Analysis
Cathay Pacific CEO Tony Tyler stated the company's overall expansion plan including the construction of a cargo terminal in Hong Kong would be funded through "traditional methods" of financing. Mr Tyler added that the carrier's planned bonus package for staff would be funded by profits adding that there is no need to issue new shares to raise funds.
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