Fuel Hedge

[otis cornbread]

So with oil at a 4 year low, which way do you reckon we hedged?

[ron burgandy]

Probably at $110. Standby for "paper hedging loss of 2 billion". It hard to keep up with this year's missed opportunities

[jacobus]

And a fair bit of the profit last time was from hedging. Geniuses.

[ron burgandy]

Yes, the fuel hedging gains offset the 2.6 Billion loss attributed to "others"

[Lowkoon]

Makes getting caught for illegal price fixing look cheap! Now if you and I came up with an illegal way to loose a single dollar for the 'group' what do you think may have happened to us?

[BusyB]

Rumours are that CX hedges 50% of fuel required. No idea of price.

Just read that Ryanair hedged entire year at 96USD (assume financial year) so guess there will be a lot of cancellations with them.

EasyJ I think hedged at 86USD.

[Arfur Dent]

Lowkoon - were you talking about loosing a dollar or losing it?

[asianeagle]

All gone quiet on the industrial front, WTF are we going to complain about now….

oh wait… fuel hedging