Monday, January 12, 2009

Policy may change

Cathay Pacific Airways Ltd, Hong Kong's largest carrier, may alter fuel-hedging policies after paper losses almost tripled to HK$7.6 billion (US$980 million) in two months.

Chief Executive Tony Tyler yesterday said the carrier needs to think about the position it is in and seek the best way of sustaining the business going forward. The policy "is always under review," he said.

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