The South China Morning Post recently asked readers to send in their thoughts as to how CX managed to lose more money fuel hedging when the price of oil went below $50 then when it was $150. Although the competition ended a few days ago, they couldn't resist publishing a "late entry" in yesterday's paper. One reader said "the joke going around is that CX moved the chap responsible for the new business class revamp to fuel hedging last summer".
Note: I also dislike the new J-class in a major way.