Has Cathay tamed its fuel hedging losses?
Mar 12, 2020
Cathay Pacific and hedging: Is it always just the flip of a coin?
What does the Hong Kong airline's fuel hedging debacle tell corporate treasurers about the perils of locking in prices? Is hedging a science or will it always just be guesswork?
For Cathay Pacific – whose interim results released yesterday showed a HK$2.05 billion ($262 million) loss; the worst in two decades – the future has been weighing heavily on the present.
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