[C19fan]

Air China, China Eastern Airlines, Cosco, China Railway Engineering Corp., China Railway Construction Corp., and Citic Pacific were among the companies that lost the most from buying complex derivatives. Some of the biggest losses came from the airlines and shipping companies' purchases of options to hedge against rising oil prices between June and August last year, when oil hit a historic peak of more than $140 a barrel. When prices fell during the financial crisis, these companies were saddled with large losses, partly because they had chosen riskier -- and cheaper -- derivatives products to hedge against rising prices.

That what happens when you hedge. If oil shot up way above $140 a barrel these companies would of made out like bandits. There is nothing complicated about hedging commodity prices.

[org.whodat]

If oil shot up way above $140 a barrel these companies would of made out like bandits.

Yes, and you don't give a rats ass what the impact would have been on your fellow consumers do you.