[QUOTE][Effective fuel hedging saw the Group secure a $664 million benefit from lower global fuel prices compared with financial year 2015, passing a proportion of these savings through to air fares – which are up to 40 per cent lower than a decade ago in the Australian market./QUOTE]
That's interesting. I would have thought that with oil prices at the lowest level for years that any fuel hedging would cost a company more. Now is not the time to be hedged. Is QF trying to put a positive spin on their hedging? ( we only hedged a little bit so we are ok) I assume they aren't hedged any where near the level CX is. Hence the big profit. CX would have a big profit too if not for their hedge.