PPRuNe Forums - View Single Post - Cathay Pacific Returns to Profit on Fuel-Hedging Gain
Old 5th Aug 2009, 11:36
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SIC
 
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Don't worry gents. That 7+ billion loss from last year on fuel is now 2 billion less - and we still have till 2011 until all the hedges are wound up. Watch this space but I predict that over the course of the three years the 7 billion loss will actually turn out to be a profit of several billion ( if fuel prices keep going up - which I think they will )

So we can all look forward to a nice bit of profit share in 2011.
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