Freehills , the only explanation that I can come up with for this fuel hedging debacle and the reason that heads haven't rolled .
It would appear that the board is seemingly happy with the status quo , in that somehow they now own "the stick it to you fuel company " who just happens to be on the other side of the fuel hedging and are buying fuel on the open spot market and selling to Cx at inflated prices . Otherwise why would you keep employees on who are clearly incompetent it just doesn't make any sense