SQ Fuel Hedging Losses
Dec 24, 2018, 3:04 pm
#1
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Join Date: Aug 2010
Location: Vancouver
Programs: CX DM, SQ TPP, QF GO LIFE, OZ*G LIFE, Marriott TIT LIFE, WOH GLOBALIST LIFE, HH DM, BA GO LIFE
Posts: 598
SQ Fuel Hedging Losses
With ICE Brent Crude hitting US$50.47 prior to Christmas closing, the sharp drop in oil price will have some major impact on SQ's fuel hedging as they are 58% hedged for 2H FY18/19 period at average jet fuel price of US$71 a barrel.
If oil prices remain low or go any further south, they are further exposed moving into FY19/20.
Discuss?
If oil prices remain low or go any further south, they are further exposed moving into FY19/20.
Discuss?
