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Old 16th Mar 2009, 08:35
  #26 (permalink)  
fractional
 
Join Date: Mar 2001
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Back to the thread topic, but a different airline
Budget carrier Jazeera Airways posts 94% profits rise
Budget carrier Jazeera Airways posts 94% profits rise - The National Newspaper
The National newspaper article says on the 3rd paragraph
Jazeera said it gained through not hedging fuel contracts, allowing it to buy cheaper fuel on the spot markets in the second half of the year as oil prices fell.
Can this be really so right? If so, these guys must have been one of the few in the industry to get it right.
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