- their decisions related to hedge is unbelievable! When fuel prices hugely increased, they said that they don't think it will go above 100$ and didn't hedge anything, whereas it reached 145$!!! Few weeks ago they said they expect the price to drop, but in the same time hedge 90% of their fuel at 129$ whereas current price is now below! They are always "playing" against the trend (if prices goes up, they don't hedge, if price goes down, they hedge), this is a very risky tactic isn't it?
Hedging is a question of risk management, but Ryanair over the past weeks only increased the risk of loosing money!
Oil down to $118 today and some analyists saying it could fall below $100 within a month.