The hacienda hedge

[OddTrader]

Cathay Pacific to Revamp Fuel Hedges, Workforce; Shares Rise

by Kyunghee Park
January 15, 2017

https://www.bloomberg.com/news/arti...es-on-report-of-fuel-hedging-workforce-revamp

Cathay Pacific Airways Ltd., Asia’s biggest international airline, plans to shorten its fuel-hedging program and revamp its workforce as part of a new business strategy to halt a slide in earnings. The shares jumped the most in nine months.

The carrier "won’t hedge as far forward as we have in the past" and ...

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Cathay Pacific lost HK$8.4 billion ($1.1 billion) in the three years to December 2015 on account of fuel hedging. In the first half of last year, the loss was HK$4.49 billion.

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Cathay Pacific will hedge jet fuel for two years, shortening the period from a past practice of four years, according to Hogg. It also plans to cut costs and boost efficiency.

 

[murray t turtle]

So who's prices are really subsidized?

Weird re Mexico though... I surely thought they would've had lower prices.... Do they have their own refineries?

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Cool charts,JR;
say 4 liters[3.8]per gallon, in US.That must include TAX in US, In state of TN ,USA,, XOM +Shell sells it for $2.16@ gallon today, cash. Walmart-MUR oil $2.13, cash for $2.12. BP+ MRO has it for $2.20/+ per gallon. I did not include the 9/10 cent per gallon they always put on it.LOL