MAS (stock code 3786): an airline or a hedge fund?

Malaysia Airline System posted net profit of RM875.51 million in the second quarter ended June 30, due to a RM1.34 billion fuel hedge gain.

MAS announced on Aug 6 the gains were due to a reversal of the hedging losses of RM640 million in the first quarter. 
Read more at: TheEdge

Is it MAS a transportation company or a hedge fund?

 

Why every time MAS announces its profit/loss, fuel hedging always the main contribution. When they loss, it because of loss in fuel hedging. When they profit, it because of profit in fuel hedging. Maybe MAS should be  classified as a hedge fund (financial) company rather than transportation.

 

 

 

 

 

 

Can't really blame on MAS on that business model. World free economy and financial system grew so screwed up that a transportation company need to focus on oil speculating rather than the 'getting more customer'. Maybe one day, a developer or a construction company need  to go hedging too, probably hedging on cement, steel and timber.

When exactly our express bus companies will go for fuel hedging too? 

Malaysia Airline System posted net profit of RM875.51 million in the second quarter ended June 30, due to a RM1.34 billion fuel hedge gain.

MAS announced on Aug 6 the gains were due to a reversal of the hedging losses of RM640 million in the first quarter. 
Read more at: TheEdge

Is it MAS a transportation company or a hedge fund?

 

Why every time MAS announces its profit/loss, fuel hedging always the main contribution. When they loss, it because of loss in fuel hedging. When they profit, it because of profit in fuel hedging. Maybe MAS should be  classified as a hedge fund (financial) company rather than transportation.

 

 

 

 

 

 

Can't really blame on MAS on that business model. World free economy and financial system grew so screwed up that a transportation company need to focus on oil speculating rather than the 'getting more customer'. Maybe one day, a developer or a construction company need  to go hedging too, probably hedging on cement, steel and timber.

When exactly our express bus companies will go for fuel hedging too? 

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