Originally Posted by Shuttle-Bored
According to a recent (May 05) research report by Smith Barney, European Airlines fuel hedging as follows:
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Ryanair Unhedged
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Not the easiest data to compare, but looks like BA is actually fairly well hedged - imagine quite where the surcharges would be otherwise!
I would highly doubt analyzing skills of SSB in this case. Not because Ryanair have quite solid business model which would not allow mishaps like this to happen, but because said analysts failed to read Ryanair's year-end financial results which say "Hedged 75% of 2ndHalf at $47 per barrel"
AX