Oil and a Missed Opportunity!
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Join Date: Oct 2007
Location: Asia
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Oil and a Missed Opportunity!
So for the last year the company has been firstly crying over the sky high oil prices and their effect on profitability, then they dived to unexpected lows and they were crying over fuel hedging losses (even though they were only paper losses at that stage).
Now we have NR bleating about rising oil prices and their effect on route profitability.
Two questions. If they can't make the airline break even at $60 a barrell even in relatively difficult economic times what hope have they ever got? Secondly, as this is probably the lowest price we will ever see oil get to in our lifetimes, did they miss a golden opportunity to finally hedge oil at $40 a barrell for a lot of their long term, and some of their short term, requirements?
It seems our management just seem to go from worse to worse.
Now we have NR bleating about rising oil prices and their effect on route profitability.
Two questions. If they can't make the airline break even at $60 a barrell even in relatively difficult economic times what hope have they ever got? Secondly, as this is probably the lowest price we will ever see oil get to in our lifetimes, did they miss a golden opportunity to finally hedge oil at $40 a barrell for a lot of their long term, and some of their short term, requirements?
It seems our management just seem to go from worse to worse.
Join Date: Feb 2009
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You're missing part of the equation:
Oil price high = we're not making any money = we need to cut your salary
Oil price low = we're not making any money = we need to cut your salary
Which, if you know anything about math, can be simplified into the following equation:
Inept management = employees pay the broken pots
Oil price high = we're not making any money = we need to cut your salary
Oil price low = we're not making any money = we need to cut your salary
Which, if you know anything about math, can be simplified into the following equation:
Inept management = employees pay the broken pots
Join Date: May 2004
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Inept management = employees pay the broken pots
Imagine the shock to managers if passengers demanded to be paid to fly on Cathay? It just wouldn't work and it would not be tolerated for one second.
Why should we treat them any different?