wait! I was under the impression that the losses made in the interim results whilst other airlines turned large profits was partly due to the fact that cathay DIDN'T hedge as aggressively on fuel!? And because we were filling our tanks at market price during the record fuel prices. Can someone explain to me why we are now being told that we are suffering due to our fuel hedging?! Whilst the AOA has written extensively on how the company will be more profitable in the 2nd half with the current fuel prices! Am I missing something here?
