Originally Posted by
Freehills
even worse, they will have hedged c 50-70% of expected fuel requirements. As so little flying is being done, that means they need to buy oil at the hedged price that they won’t even be using, ie they are probably now hedged around 200% of fuel...
To be fair and put it in perspective, that will also be the same with almost every other airline out there!
You can’t blame decisions made before the pandemic for there outcome now.