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3-Mar-2016 9:38 PM

Philippine Airlines hedges 'because other guys hedge', can't be out of kilter with your competitors

Philippine Airlines senior financial advisor Ian Reid, speaking at the CAPA Airline Fleet & Finance Summit 2016, said (03-Mar-2016) the carrier hedges "because other guys hedge and if you didn't hedge you'd be out of kilter with your competitors." Mr Reid noted: "Suddenly you're paying more than they do. If nobody in the world hedged it would be okay, and same if everyone did the same amount of hedging."

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