Originally Posted by
PoppaJo
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/
Thanks poppa, that’s a good article, even though it only covers a couple of the majors. Traditionally Qantas has been pretty good at hedging at the right rate.
VB in its early days made some colossal screwups, but of course M. Gill was part of ‘Brett’s Club’ so nothing happened to him. No surprise there. I think that Lady Jane will hopefully be a little bit smarter. Who knows.
A few days ago oil spiked at $126 US per barrel. The economic sanctions against Russia are going to deliver a world of pain at the motorist bowser and at the aeroplane fuel truck, so to speak. Inflation is also going to take another hammering. The economic situation has been boiling before the Ukraine ‘invasion’ started. It’s going to take a miracle for this start up carrier to survive under current conditions, and that’s before the first flight is even launched. Huge oil spikes often precede economic turmoil. In 1986 oil prices dropped to around $12 per barrel and rose to $18 per barrel in 1987 before the crash of 87. In 2007 oil prices dropped to around $69 per barrel before hitting $94 per barrel in 2008 before the crash of 08. In 2021 barrel prices were $69 and this month they are hovering $120 per barrel. There is an economic **** storm coming. The impending collapse of the current house of cards going to be epic.