FlyerTalk Forums - View Single Post - Cathay Pacific losses snowball to HK$1.25 billion, first back-to-back loss in 71-year
Thread: Cathay Pacific losses snowball to HK$1.25 billion, first back-to-back loss in 71-year
View Single Post
Old Mar 14, 2018, 9:50 pm
  #22  
Chromie25
 
Join Date: Dec 2016
Programs: MP, BR
Posts: 375
Originally Posted by christep
Well yes, but with a $6.377bn loss on fuel hedging, so that would be a $5.12bn profit but for that monumental cock-up.
I see it the same way. Hedging is a misnomer - they were obviously betting on fuel prices and they lost.
Outside of the fuel bets, I don't see CX doing worse than other similar carriers. But how they have been operating as a result of the losses might hurt them in the long run.
Chromie25 is offline  
Reply