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Cathay Pacific Airways may post hefty fuel hedging losses

2015-03-16 08:17:37| Airlines - Topix.net

Carrier expected to report stronger profit of HK$3.4 billion for year despite taking a bad hit from locking in oil prices at higher than spot Analysts polled by Bloomberg expect Cathay to post a net profit of HK$3.43 billion for last year, compared with HK$2.62 billion in 2013. Photo: AFP 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.

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