Slumping Cathay Pacific counting on business travel boost in 2013

03/13/2013 | Bloomberg

Cathay Pacific Airways took a double revenue hit last year in the important areas of freight and front-of-plane ticket sales. But the Asian airline predicts revenues will rebound along with business travel. "Corporate travel was hanging reasonably well last year and all indications are that this year will be even better than that," said CEO John Slosar.

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