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Keyword: fuelhedging
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Air China warns it faces loss due to fuel hedging ($1bn)
Air China warns it faces loss due to fuel hedging Fri Jan 16, 11:17 pm ET BEIJING – Air China Ltd., one of China's three major state-owned carriers, warned Saturday it faces a "significant loss" for 2008 because of wrong-way bets on fuel prices that will cost nearly $1 billion. -
Cathay Pacific fuel hedge losses nearly $1 billion
Cathay Pacific fuel hedge losses nearly $1 billion By Chris Oliver, MarketWatch Last update: 11:41 p.m. EST Jan. 7, 2009 HONG KONG (MarketWatch) -- Shares of Cathay Pacific Airways fell more than 5% in Hong Kong Thursday after the airline said late Wednesday that it lost nearly $1 billion in wrong-way bets on fuel hedges in 2008 and reiterated its financial results for the year would be "disappointing". The Hong Kong-based carrier (CPCAY cathay pac awys ltd sponsored adr News , chart , profile , more Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by:...
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