Over many years, as an aside to teaching about convertibles as a product, I’ve had to explain the basis for accounting for them. The accounting has always seemed pretty harmless to me until I recently made a case study out of the online luxury fashion retail platform, Far Fetch (LON:OK60)(NYSE:FTCH).
It’s been a round ride for airline operators over the last 3 years. Just when you think things are re-stabilising after COVID then the energy ‘crisis’ hits the fan and fuel costs increase 3 fold! But the operators have been hedging, right? And if you’re hedging then you’re eliminating risk, right? If only life
Act-1 of the COVID crisis drew to a close with the end of lockdown and the start of "back to the (new) normal", as we rushed to the beach and booked package holidays. Act-2 is now beginning and the prospect of new restrictions and the uncertain timing of the end of furlough present us with
