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Thread: CX return to profitability
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Old Feb 20, 2019 | 8:14 pm
  #10  
watery
 
Join Date: Jun 2016
Location: Hong Kong
Programs: Lowly CX & IHG
Posts: 382
Originally Posted by christep
They were always profitable. Swire just chose to transfer a large chunk of that profit directly to themselves (through the fuel hedge) rather than having to share it with CA and other shareholders.
If fuel hedge would give money to Swire why do they kill the over-hedging?
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