Here is some hedging data for the next 12 months. Amazing to see that the USA big players are not even hedged at all. Although Delta owns a refinery! Ryanair took a punt it seems, looks set to pay off.
I would assume Bonza is zero hedged. Virgin will remain a mystery while they sit in PE hands. Qantas looks like it will start to feel the pain 2023 onwards.
https://www.reuters.com/business/aer...es-2022-03-07/