RE:RE:RE:Ryanair Executive Predicts Higher Fuel Prices Will Tank Somehttps://business.financialpost.com/transportation/rising-fuel-costs-could-be-headwinds-for-air-canada-westjet-in-2018
Rising fuel costs could be headwinds for Air Canada, WestJet in 2018
Rousseau said Air Canada previously hedged up to 40 per cent of its fuel consumption on a quarterly basis, spending between $50 million and $55 million on fuel hedging per year. The company has since moved away from hedging, a common practice that allows comapnies to lock in prices to protect themselves from rising fuel costs.
“We looked at the marketplace and virtually none of our competitors hedge anymore,” Rousseau said. “We said, ‘Why are we spending $55 million to do that?’ So we slowed down our hedging program in Q4, and currently we’re not hedged at all.”
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All in the same boat, Jetlines is looking real good! GLTAL!