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Asia airlines raise hedging volumes on oil price fall
2014-09-25 11:39:20| Airlines - Topix.net
Airlines in Asia are stepping up jet fuel hedge volumes after oil prices fell below $100 a barrel this month, with some locking in fuel purchases as far out as 2016, suggesting airlines see oil prices bottoming. Airlines have been cautious about fuel hedging since 2008, when several large carriers scrambled to lock in fuel needs as oil prices surged above $100 a barrel for the first time - only to see them plummet to less than $50 by year-end as a global recession hammered travel demand.
Tags: price
fall
asia
oil
Category:Transportation and Logistics