Tag: fuel hedging

  • Record low oil prices fuel hedging strategies

    A number of airlines, however, are moving cautiously with hedging after getting burned in 2008, when the majority of carriers scrambled to lock in fuel costs as crude surged above $100 for the first time, only to see prices...... Read More
  • CHINA: China Eastern in black, Shanghai Air sees red

    China Eastern Airlines has returned to the black in the first half of 2009 with a net profit of CNY 1.174 billion (US$171.8 million), in a large part due to state subsidies and reduction of its losses from fuel...... Read More
  • HONG KONG: Cathay posts H1 profit

    The Cathay Pacific Group reported a profit of HK$812 million (US$104.8 million) for the first six months of 2009, compared to a loss of HK$760 million in the first half of 2008, thanks primarily to a HK$2.1 billion fuel...... Read More
  • Korean sees crude prices at US$75/bbl in ’09

    Korea Air Lines, the world’s largest cargo airline, said it expects US crude oil prices to average US$75 a barrel in 2009, down from US$99.75 a barrel in 2008. As a result, the country’s two carriers, Korean Air and...... Read More
  • Delta posts Q4 loss of US$1.4 billion

    Delta Air Lines lost US$1.4 billion in the fourth quarter of 2008, including a massive one-time special charge related to its merger with Northwest Airlines, along with losses from fuel hedges. But the carrier is confident next year will...... Read More
  • Air France anticipates Q3 loss on lower pax and cargo

    Air France-KLM Group said it expects a third-quarter loss as a result of lower passenger traffic and a ¡°strong decline¡± in cargo revenue. ¡°The deterioration in the economic environment during the third quarter has led to a slight weakening...... Read More
  • 4Q loss for Southwest Airlines

    Southwest Airlines has reported a fourth quarter loss of US$56 million, in part due to losses resulting from its fuel-hedging strategy. This compares with a gain of US$111 million in the same period a year earlier. Southwest paid 23...... Read More
  • Losses at both American and United

    US carrier parents AMR (American) and UAL (United) have reported fourth quarter losses of US$214 million and US$547 million respectively. AMR chief executive Gerard Arpey said he now was “guardedly optimistic” that his company can regain momentum this year,...... Read More
  • More bad news from China carriers

    Air China and Shanghai Airlines joined China Southern Airlines and China Eastern Airlines in announcing that they expect to report losses for 2008. Both carriers cited declining market demand along with the impact of May’s Sichuan earthquakes, stricter security...... Read More
  • Air China expects first loss in 8 years

    Air China is expecting to post its first annual loss in eight years due to slumping demand and bad bets on fuel prices, state media reported. The company said in a statement filed with the Hong Kong stock exchange...... Read More