Originally Posted by
Tea time
Just bear in mind that this profit was achieved despite the fuel hedging debacle . Imagine how much money would have been made without being dragged down by fuel prices
Yes, CX is well north of $3 Billion US (24 billion HKD) on fuel hedging losses. That means that if CX has just done nothing except pay spot prices for fuel, we would actually have a MUCH healthier balance sheet. No one to blame but Swire elites, and they want US to pay for THEIR mistakes??? No thanks, pass!!!