As fuel is hedged til December 2011, MH company profit is no longer under control for the next 11 quarters. Profit can swing from profit to loss or vice versa every quarter subject to market price. No matter how hard MH employees work, their bonus and effort can’t be assured or recognized.
As a responsibility to shareholders, employees and stakeholders, head should roll for those who responsible for fuel hedging. However, MH has the history of rewarding failure; who know, he may become CFO one day if he is not already.
Last edited by icemanfx; 14th Jun 2009 at 02:40.