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Cathay Pacific to face low-cost rival airlines

14 August 2013 Last updated at 03:32 BST

Hong Kong airline Cathay Pacific is one of several airlines that has been affected by the economic slowdown in Europe and the US.

Sluggish growth has hit demand for business and first class travel, especially on long-haul routes.

To make matters more difficult Cathay will soon have to compete with low-cost carriers, as Juliana Liu reports.

Watch more clips at Asia Business Report's website.

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