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The European airlines review their policies hedging fuel

London, United Kingdom - The oil price is still increasing

The European airlines are reviewing their fuel hedging in consequence of the rise in oil prices that forces carriers to stipulate contracts at record highs or gamble on crude retreating. Last year already many airlines cut down hedging volumes because of Iraq war, that left airlines dangerously unprotected to oil prices which have surged by more than a third since the end of 2003. On Tuesday the haunt...

AVIONEWS - World Aeronautical Press Agency - 101267

AVIONEWS - World Aeronautical Press Agency
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