Cathay Pacific Airways may post hefty fuel hedging losses

Cathay Pacific Airways, which is due to post its annual results on Wednesday, may report hefty fuel hedging losses of up to HK$14 billion because it locked in fuel prices at higher than spot prices, which then plunged 50 per cent in the second half of last year.

via South China Morning Post - Business feed http://ift.tt/1G7A0pM