Cathay Pacific Airways said on Friday it would raise passenger and cargo fuel surcharges from Aug. 1, reversing a series of reductions since May, as jet fuel prices surge on renewed Middle East tensions.

Shares of the carrier jumped more than 3 per cent in the afternoon session

HONG KONG: Cathay Pacific Airways said on Friday (Jul 24) it would raise passenger and cargo fuel surcharges from Aug 1, reversing a series of reductions since May, as jet fuel…