The slump in fuel prices turned out to be the bad news for Air China, which suffered a CNY3.1 billion (CNY453.1 million) loss on its fuel hedge contract as of Oct. 31, more than three times the CNY961 million forecast. CA's hedges were the key driver behind its CNY1.9 billion third-quarter deficit, which compared to a CNY2.2 billion profit in the year-ago period (ATWOnline, Oct. 29). In a statement released by the Shanghai Stock Exchange on Nov. 22, CA said its hedging contract, which will ...

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