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Thread: Cathay Pacific losses snowball to HK$1.25 billion, first back-to-back loss in 71-year
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Old Mar 14, 2018, 10:45 pm
  #23  
ajhira
 
Join Date: Aug 2008
Location: HKG
Programs: CX Diamond, AA Exec Plat, SPG Platinum, Hyatt Diamond
Posts: 237
Originally Posted by peasant
I sell a ticket to travel in 3 months, I don't know what the fuel price will be in 3 months, but I can lock it it by buying forward.
What I fail to understand is why they can't buy your fuel for your flight in 3 months on the day they actually sell you the ticket? Ie. if they sell 10,000 tickets today they know where they are going and how much fuel they require - why not hedge fuel the same day or the same week? That is what genuine hedging is not the BS they are currently doing.

Perhaps I should have become a financial advisor instead of a custom tailor! 😜
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