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Record low oil prices fuel hedging strategies

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fuel hedging

Record low oil prices fuel hedging strategies

August 21, 2015 by PLA Editor

Airlines around the world are moving quickly to increase their jet fuel hedging as they eye five month lows in crude prices that many expect to taper off at around US$50 a barrel. "Some airlines are popping in and hedging bits and pieces daily at a Brent price of $55 and down to $50," said a trader with a bank that handles hedging for many Asian airlines according to Reuters. Indonesia's PT Garuda Indonesia has hedged 45 per cent of its 2015 jet fuel needs and is now looking to raise that … [Read more...] about Record low oil prices fuel hedging strategies

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, ANA, asia cargo news, Asiana, cargo aviation, crude prices, fuel hedging, Garuda Indonesia, IATA, Japan Airlines, jet fuel

CHINA: China Eastern in black, Shanghai Air sees red

September 1, 2009 by PLA Editor

China Eastern Airlines has returned to the black in the first half of 2009 with a net profit of CNY 1.174 billion (US$171.8 million), in a large part due to state subsidies and reduction of its losses from fuel hedging. On the contrary, Shanghai Airlines posted losses of CNY91.29 million. From January to June, weak domestic aviation demand saw China Eastern and Shanghai Air losing CNY 20.976 million and CNY 545 million respectively, from their core businesses. As for the second half of … [Read more...] about CHINA: China Eastern in black, Shanghai Air sees red

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, China Eastern Airlines, core businesses, economic recovery, fuel hedging, Shanghai Air

HONG KONG: Cathay posts H1 profit

September 1, 2009 by PLA Editor

The Cathay Pacific Group reported a profit of HK$812 million (US$104.8 million) for the first six months of 2009, compared to a loss of HK$760 million in the first half of 2008, thanks primarily to a HK$2.1 billion fuel hedging gain. Overall the group – which includes its Dragonair subsidiary – has been hit by a deep and sustained downturn in its key markets, with sharply reduced passenger and cargo revenues resulting in a 27.1 per cent drop in turnover to HK$30,921 … [Read more...] about HONG KONG: Cathay posts H1 profit

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, cargo volume, Cathay Pacific, Dragonair, fuel hedging, operating loss, profit

Korean sees crude prices at US$75/bbl in ’09

February 11, 2009 by PLA Editor

Korea Air Lines, the world's largest cargo airline, said it expects US crude oil prices to average US$75 a barrel in 2009, down from US$99.75 a barrel in 2008. As a result, the country's two carriers, Korean Air and its smaller rival Asiana Airlines said last week they would abolish fuel charges for Korea-outbound international passenger flights from 1 March to 30 April, but Korean Air said surcharges on cargo will remain at 30 won (US$0.22) per kilometre, the lowest level of fuel charges … [Read more...] about Korean sees crude prices at US$75/bbl in ’09

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, crude oil, fuel hedging, Korean Air Lines, surcharges

Korean sees crude prices at US$75/bbl in '09

February 11, 2009 by PLA Editor

Korea Air Lines, the world's largest cargo airline, said it expects US crude oil prices to average US$75 a barrel in 2009, down from US$99.75 a barrel in 2008. As a result, the country's two carriers, Korean Air and its smaller rival Asiana Airlines said last week they would abolish fuel charges for Korea-outbound international passenger flights from 1 March to 30 April, but Korean Air said surcharges on cargo will remain at 30 won (US$0.22) per kilometre, the lowest level of fuel charges … [Read more...] about Korean sees crude prices at US$75/bbl in '09

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, crude oil, fuel hedging, Korean Air Lines, surcharges

Delta posts Q4 loss of US$1.4 billion

January 29, 2009 by PLA Editor

Delta Air Lines lost US$1.4 billion in the fourth quarter of 2008, including a massive one-time special charge related to its merger with Northwest Airlines, along with losses from fuel hedges. But the carrier is confident next year will be better, with chief executive Richard Anderson saying he expects that Delta will to be ¡°solidly profitable in 2009 driven by lower fuel costs, capacity discipline, and merger synergies.¡± Delta expects to save US$5 billion on fuel costs this year and US$1 … [Read more...] about Delta posts Q4 loss of US$1.4 billion

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Delta Air Lines, financials, fuel hedging, Northwest Airlines, results

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