09-Jan-2009 11:57 AM
Cathay Pacific shares hit by hedging loss - Asian share wrap
Analysis
Cathay Pacific's shares slumped 7.6% on 08-Jan-08, as investors reacted to news the airline's unrealised fuel hedging losses for 2008 had reached close to USD1 billion. Cathay CEO, Tony Tyler, stated the airline may alter its fuel-hedging policies.
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