It is a sad indictment of the Swire culture that such an epic level of incompetence, that has put the company and it's employees at risk is not addressed in any fashion, other than a mealy-mouthed watered down 'explanation' that they don't 'speculate' on fuel hedging ! Once again, they are taking us all for fools. A properly run and accountable public company in any other part of the first world would have seen the CEO out on his ear (see Wells Fargo bank in the US this week). It doesn't matter if it isn't personally the CEO's fault, the accountability has to start at the top. In this sad excuse of an airline, it ONLY starts at the very bottom, and stays there. Without the hedge, there would have been at least half a BILLION more in profit. We all have worked hard and responsibly throughout the year. The cost of the hedge should be taken directly from the managers pockets. Not the employees who had NO input. I have rarely been as disgusted with the mismanagement of this airline as I am now. What on earth have we done to be saddled with the likes of
JS, IC, AT and all the other miscreants that we are being abused by?
