Fuel Hedging at EK
OK so with all this talk about fuel savings and everything the pilots are required to do. Where is the accountability of the bean counters? funny how its never mentioned , how come some airlines analysts are able to hedge at $100 a barrel and ride out the storm. When we hit $130 + a barrel its panic stations. where are "our" rocket scientists?
Perhaps someone could enlighten us as to how this works. With teams of experts analysing all available data and telling us how much extra fuel we burn per sector to the kg bla bla. Surely some of this " expertise" could be used towards a sensible fuel hedging decision .
Oil is now trading at $75 a barrel. So the question now is..........."Is there such a thing as a sensible hedging decision?"
