PPRuNe Forums - View Single Post - 13th month.....are we getting it?
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Old 31st Oct 2008, 10:13
  #31 (permalink)  
Composite Man
 
Join Date: Oct 2007
Location: Asia
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Unfortunately the current fuel price has very little to do with what CX are paying for fuel at present. This is particularly so given the fact that it appears they may have hedged too much at the high end of the spectrum and are liable for the losses incured when the fuel price drops.

As usual no one in mamagement will take the blame but my guess is the staff will cover the hedging losses through non payment or reduction of 13th month.
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