Yeah, some meeting is going on today. And yeah, they are going to declare the profit/loss.

This post has been edited by koopa: Jun 12 2009, 12:01 PM

Suppose to be today.

And yeah the advisor is Badawi

MAS hedging is the same used by almost all airlines in this region. That means, SIA does this, Air Asia, maybe Transmile, and many other airline that operate in this region.

Air Asia paid to get out of this clause. Remember what Tony said when he released the report in April? He said the loss is to pay the penalty to escape the fuel hedging thing.

Ofcourse there is always the "what-if?"

Oil companies are not dumb. Of course they wont let airlines hedge at below 50. If i own a oil company i know i wont them hedge at this price.

Random note: If the crude oil price is 140, aviation fuel will be around 160. Its higher by 15-20%.

This post has been edited by koopa: Jun 15 2009, 03:43 PM