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easyJet announces fuel hedging positions to Sep-2011

22-Jan-2010 1:11 PM

easyJet announced (21-Jan-2010) plans to implement the following fuel and currency hedging positions:

  • Six months to 31-Mar-2010:
    • 65% of anticipated USD requirements hedged using forwards at USD1.78;
    • 76% of anticipated Jet requirements hedged using forwards at USD763/MT;
    • 87% of anticipated EUR surplus hedged using forwards at EUR1.17
  • Six months to 30-Sep-2010 :
    • 60% of anticipated USD requirements hedged using forwards at USD1.64;
    • 80% of anticipated Jet requirement hedged using forwards at USD728/MT;
    • 76% of anticipated EUR surplus hedged using forwards at EUR1.14;
  • Full year to 30-Sep-2010:
    • 62% of anticipated USD requirement hedged using forwards at USD1.70;
    • 78% of anticipated Jet requirement hedged using forwards at USD743/MT;
    • 80% of anticipated EUR surplus hedged using forwards at EUR1.15;
  • Full Year to 30-Sep-2011:
    • 42% of anticipated USD requirement hedged using forwards at USD1.62;
    • 29% of anticipated Jet requirement hedged using forwards at USD733/MT;
    • 40% of anticipated EUR surplus hedged using forwards at EUR1.08. [more]