Has Cathay tamed its fuel hedging losses?
Mar 12, 2020
Cathay Pacific sells bonds to shore up liquidity amid Covid stress
The Hong Kong carrier's corporate treasurers have had a bumpy ride over the past few years as hedging woes add to the turbulence.
Cathay Pacific’s treasury team has had a turbulent few years: still reeling from fuel hedging decisions in 2020 that could never have envisaged oil futures trading at prices below zero, it has been hit by Covid.
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