RE:RE:RE:Q4 and 2024 (Updated)Thanks for the update Rouge
Usually large network airlines procure most of their fuel 6 weeks in advance (and some spot buying) as it takes time for them to distribute it across network.
For Q4, one should look at Jet fuel price (and WTI oil price) from mid July to mid Nov.For that window jet fuel price was approx. CAD 1.18 per litre. For Q3 it was ~ CAD 1.00. For Q1, its shaping out to be approx. CAD 1.05. Another 3.5 weeks and most of the Q1 fuel would be purchased.
Not taking into account any hedgeing, which could vary from 20-30% (going with commentary from previous analyst calls).