The earnings divide between the worldwide airport and airline sectors is probably no more apparent than in Hong Kong. As Cathay Pacific slumped to a first half loss (six months to 30-Jun-08) on soaring fuel prices, Airport Authority Hong Kong (AAHK), operator of Hong Kong International Airport (HKIA) soared to an interim profit of USD175 million in the six months ended 30-Sep-08, up 19.5% year-on-year, despite falling passenger demand in the latter part of the period.
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