Originally Posted by
tg911
Thai Airways also plans to extend the period for which it has 73 percent hedging cover to 2016 at the lowest possible price, the official said. The lowest prices at which the airline has hedged so far were at $70 a barrel, he said.
Meanwhile, current market price is in the $37 range. Wonder how much of TG's losses can be attributable to poor hedging strategies. They should not be playing this game.