Summary: Cathay Pacific reported a 1% increase in first-half profit due to higher passenger numbers and lower fuel prices, but warned of declining airfares and uncertain cargo market conditions. Shares fell 10% after the announcement. The airline also ordered 14 more Boeing 777-9 wide-body jets to renew its fleet.

Link: https://www.channelnewsasia.com/business/cathay-pacific-hong-kong-declining-air-fares-cargo-market-shares-5280336