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Austrian Airlines secures fuel costs additionally through call options
Austrian Airlines secures fuel costs additionally through call options08-Jul-2008 |
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Airline Code [AUA]
View More Austrian Airlines News Tags :Continental Europe, Austrian Airlines Austrian Airlines is currently hedging approx. 20% of its annual kerosene requirement with forward contracts. With this hedging programme, Austrian Airlines is achieving risk management and a smoothing of the kerosene costs.
Due to the increasing market uncertainty and the volatile expert forecasts which do not exclude any longer fuel prices up to 200 USD/barrel, Austrian Airlines is expanding its hedging strategy. Therefore the company has secured the rest of its fuel requirement with call options, against the further rises of the fuel costs, until the end of the year. Centre for Asia Pacific Aviation. Date posted: 8-Jul-08 |
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