Massive own goal played down and vaguely explained away by incompetent Managers. No individual held accountable and all quiet on the Shareholder front. How do they arrange this? What would it take to incurs Swire's (or anybody's) wrath? You can only speculate what the implications would be if pilots caused anything like these hedging numbers. Those responsible have caused financial damage equivalent to carrying 10 tons of fuel over and above that required on every Cathay flight for several years. Not even a murmur.