Fuel Hedging loss vs SARS
Originally Posted by
Oasis
I wonder how it stacks up to what happened during SARS.
2003 H1 loss was HKD$ 1.24b (then USD$159m).
SARS loss equates to 8.4% of of Fuel Hedging loss, on a direct numeric comparison without indexation (15 years ago).
Call it 10%
https://www.wsj.com/articles/SB106014765860149100
Last edited by Maxfli; 22nd Mar 2018 at 14:02.
Reason: addition of WSJ link