Originally Posted by
Dilbert68
AA does not hedge fuel at all, their CEO says it is just not worth it in the long run. Based on the 4B USD we recently lost plus the losses that are coming, I would say he is right. CX has lost more money through their hedging department than they have ever gained. The fact that these people are still employed while continuing to lose billions of dollars for the airline is gross negligence.
It is likely that a certain HK company may have lost more in fuel hedging in the past 5 years (and the next two or three to come) than they have probably earned in profits since the mid 80's. Fair to say that decades of effort and dedication of it's long suffering staff have effectively been rendered worthless. Oh, the Swire family is still amongst the richest in the UK however.