Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Cathay Pacific to raise air tickets prices

by Tony Sagami on August 6, 2008

Hong Kong-based Cathay Pacific Airlines said it was “inevitable” that it would raise ticketprices. How comes?

The cost of jet fuel increased by 83% in the last year and fuel accounted for 45% of Cathay Pacific’s operatingcosts.

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