I'm just trying to understand this company. They seem in this briefing to be trumpeting forward (2017) fuel hedging savings compared to last year without acknowledging they lost 5 million on previous fuel hedging this year (presumably due to the oil price collapse, and being stuck with overpriced fuel as a result). Qantas' biggest profit uplift was from cheaper fuel. Am I right to suggest that half of REX's loss is from mistakenly hedging against those fuel reductions? If so at least 'fess up!
I could be wrong of course....
Ann: Rex 1HFY16 Investor Briefing Slides, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add REX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
56.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.96M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| REX (ASX) Chart |
Day chart unavailable
