(Bloomberg) -- China Airlines, Taiwan's largest carrier, has reduced fuel hedging by about 67 percent since ``volatile'' prices made the cost of the contracts riskier than buying jet kerosene on the spot market.
``It's too dangerous to make any kind of hedging now,'' Chairman Philip Wei said May 9. ``Since last October until now, we did two, or three transactions, no more,'' Wei said in an interview in Taipei. ``We don't do any hedging now.''
Read more at Bloomberg Emerging Markets News
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