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Old 7th March 2016 | 09:52
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swh

Eidolon
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Joined: May 2001
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From: Some hole
Rumor is HKD$450 or one days pay whichever is lower.

"unrealized fuel-hedging loss of HK$7.42 billion ($954 million) as of end-June -- and oil prices have slumped a further 42 percent since then. The company may announce March 9 that its hedging losses last year ballooned to HK$8.4 billion"

“It’s a battle between those who hedge and those who don’t hedge,” said K. Ajith, an analyst at UOB Kay Hian Pte. in Singapore, who rates the Hong Kong carrier’s shares as hold. “Cathay’s cost base is unfortunately higher, and their competition knows that."

Cathay Pacific Seen Posting Wider Hedging Loss as Oil Drops - Bloomberg Business
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