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Forum: Fragrant Harbour

16th Sep 2019, 10:50

Replies: 11

Final Nail in the Coffin

Views: 8,805

Posted By Air Profit

Calm down Roy. My comment was intended as irony....

Calm down Roy. My comment was intended as irony. Unfortunately, we know too well they hedge. It cost all of us thousands of dollars in lost wages and bonuses (but management didn't suffer). ...

Forum: Fragrant Harbour

15th Sep 2019, 07:02

Replies: 11

Final Nail in the Coffin

Views: 8,805

Posted By Air Profit

My guess is that, ironically, CX has NOT hedged...

My guess is that, ironically, CX has NOT hedged while fuel has been at a relatively low price. So once again, their misguided strategy will result in all of us bearing unnecessary cost. True genius...

Forum: Fragrant Harbour

15th Sep 2019, 01:40

Replies: 11

Final Nail in the Coffin

Views: 8,805

Posted By Air Profit

Of course, we didn't hedge while oil has been at...

Of course, we didn't hedge while oil has been at relatively low prices. We only do that when it's over $100/barrel....and for 5 years. Geniuses.

Forum: Fragrant Harbour

15th Sep 2019, 01:39

Replies: 11

Final Nail in the Coffin

Views: 8,805

Posted By Air Profit

Final Nail in the Coffin

The main Saudi oil terminal was attacked overnight. Now half of Saudi oil production is halted, experts predict at least $100/barrel of oil. That is all that CX needs to push them over the edge.
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