I wonder what the Management equivalent of "Pilot Error" is? If a crew had caused the kind of financial damage that these hedging clowns have caused, we'd all know their names.
Answer? There is no equivalent. "Management Error" equates to 'losing face' and we can't have that can we?
So, somewhere in the deepest, darkest recesses of Corporate Cathay sits a team sealing a lid on this whole costly adventure into Fuel Gambling. It is excused like we would excuse a slightly inaccurate ILS by a colleague. It will not be punished and the perpetrator will probably still get a healthy bonus "fuelled" by your profit share.
What on earth keeps the Shareholders so quiet and understanding.
