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  • British Airways Cuts Capex While Shareholders Hope for Lower Oil [View article]
    Some Asian airlines like Cathay Pacific, Singapore Airlines and Air China may actually benefit from the rise of oil prices this year. The decline of oil prices from July '08 to Mar. '09 worked against airlines which locked in fuel-hedging contracts at higher prices. So the recent surge in oil prices will curb losses from their hedges. Most airlines in Asia are expected to recognize profits from fuel hedging this year because last year many recorded high marked- to-market hedging losses.
    Jul 5, 2009. 08:44 PM | 5 Likes Like |Link to Comment
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