Reuters: Global Markets: Cathay Pacific shares slide more than seven percent after H1 loss

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Cathay Pacific shares slide more than seven percent after H1 loss Aug 8th 2012, 05:10 HONG KONG | Wed Aug 8, 2012 1:10am EDT HONG KONG (Reuters) - Shares of Cathay Pacific Airways Ltd (0293.HK) fell more than 7 percent to the lowest in nearly two months on Wednesday after Hong Kong's dominant airline posted its worst first-half loss since 2003, weighed down by weak cargo demand and higher costs. Cathay's shares fell as much as 7.7 percent to a session low of HK$11.92 after the midday break, the lowest intraday level since June 15. The stock was up 0.5 percent ahead of the earnings release.

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