22-Jan-2010 1:11 PM
easyJet announces fuel hedging positions to Sep-2011
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]