The continued fall in oil prices in the second half of 2015 probably means Cathay Pacific Airways Ltd. lost more money hedging fuel prices last year than what it has so far disclosed. When Cathay reports full-year earnings Wednesday, the carrier may say hedging losses widened to the equivalent of $1.1 billion, according a Bloomberg News survey of three analysts. For 2015, the airline has hedged 60 percent of its needs at an average price of $85 a barrel.
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