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Cathay Pacific Drops on HK$7.6 Billion Hedging Loss (Update2) (Bloomberg) Jan. 8 (Bloomberg) -- Cathay Pacific Airways Ltd., Hong Kong's largest carrier, fell the most in almost a month on the city's stock market after saying losses from fuel-hedging almost tripled to HK$7.6 billion ($980 million) in two months.
Cathay Pacific Drops on HK$7.6 Billion Hedging Loss (Update1) (Bloomberg) Jan. 8 (Bloomberg) -- Cathay Pacific Airways Ltd., Hong Kong?s largest carrier, fell the most in almost a month on the city?s stock market after saying it will report unrealized fuel- hedging losses of HK$7.6 billion ($980 million).