AirAsia Group reports benefits from fuel hedging strategy

AirAsia Group CEO Tony Fernandes said (26-May-2016) the group's efforts to hedge 75% of its fuel requirements at an average of USD55 per barrel paid off, with all associates recording lower fuel costs in 1Q2016 and delivering lower group CASK. Mr Fernandes said, "We are now relatively insulated from volatility of global fuel prices in the coming quarters." [more - original PR]