Oil prices hit Cathay Pacific profits

• Story Highlights
• Cathay Pacific Airways, Asia's third-largest carrier, suffers first losses since 2003
  
• Suffers a loss in first half of 2008 due to rising fuel costs and a $60M U.S. fine
  
• Chairman: Aviation painfully adjusting to $100-plus barrel of oil
  
• Shares in Cathay Pacific have fallen nearly 28 percent this year
• Next Article in World Business »