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Forum: Fragrant Harbour

25th Aug 2016, 00:12

Replies: 99

CX profits falls by 82%

Views: 46,615

Posted By Progress Wanchai

10 years ago CX hedged 15 percent of its fuel...

10 years ago CX hedged 15 percent of its fuel cost.

A 60 percent long position futures contract (not an option that can be paid out ala qantas) is not a hedge, it's a gamble with shareholders...

Forum: Fragrant Harbour

24th Aug 2016, 13:16

Replies: 99

CX profits falls by 82%

Views: 46,615

Posted By Progress Wanchai

Only QF's best financial result in 96 years...

Only QF's best financial result in 96 years leading to the company paying an unprecedented "Record Result Bonus" to its staff.

But anyone just reading the bottom line doesn't understand aviation....

Forum: Fragrant Harbour

17th Aug 2016, 06:48

Replies: 99

CX profits falls by 82%

Views: 46,615

Posted By Progress Wanchai

Explains why these muppets have become such penny...

Explains why these muppets have become such penny pinchers.
When you give 94 cents in every dollar you make to a hedge fund you're left with very few pennies to pinch.

Fuel is to a large extent...

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