PPRuNe Forums - View Single Post - Cathay Pacific Warns It May Have To Park Planes, Cut Flights
Old 28th Apr 2012, 08:52
  #22 (permalink)  
moosp

Cool as a moosp
 
Join Date: Aug 2001
Location: Mostly Hong Kong
Posts: 802
Flaps, the only reason we are paying high prices for our fuel right now is that we are still working off the forward contracts at around US$120 a barrel oil equivalent.

Yet again a brilliant piece of forward planning.
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