Singapore Airlines cuts hedges to 25% of fuel bill

摘要

Singapore-Singapore Airlines has slashed the hedges that it has in place to just a quarter of its expected jet fuel bill for the 2009-2010 financial year, senior executives told analysts in a briefing this week.Singapore Airlines CEO Chew Choon Seng said the airline had aggressively trimmed back hedging after a calamitous year in 2008 when, like most airlines, the company was left holding expensive-looking derivatives positions after the collapse in world oil markets.