Airlines forward buying their fuel

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10 Oct 2008 12:00 AM by Marksfish Star rating in Vera, Almeria. 2624 posts Send private message

Marksfish´s avatar
I read the recent report from Ryanair where they hedged their fuel prices for the next quarter at $124 barrel. I have just read that at midday today, the price of a barrel was $82 .  Big difference!! It seems it doesn't always pay to buy so far in advance.

Mark



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