Wednesday, August 16, 2017

More losses at Cathay Pacific (CX)

Last year, Cathy Pacific Airways lost USD 74 and half way through this year (Jan to June 2017) it has already  lost USD 262.
The losses were due to fuel hedging and fierce competitions from the Chinese carriers.
There will be more job cuts to come.
Read more 

1 comment:

Anonymous said...

Fuel hedging is like gambling. A few years ago when oil hit $100 a barrel, they were lapping their own glory and say they had far sight and shrewd etc.
Now when oil is dirt cheap, where are these people?
They are just going to recoup their losses at crew and staff expense.
Lets see how they going die this time.