Has Cathay tamed its fuel hedging losses?
For corporate treasurers at airlines, Cathay’s fuel hedging woes are a signal lesson in what not to do. Has prudent treasury work brought the HK carrier back from the brink?
For the corporate treasurers at air carriers, you’d expect the applause at the near-collapse in the price of oil - crude oil has already fallen by almost a third to $31 a barrel - to be sounding out like a rifle shot.
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