Feeling the heat
Fuel price volatility is proving a headache for corporate treasurers, some of which put on hedges just as prices spiked last year, and now face significant uncertainty regarding the future direction of prices. Joe Marsh looks at how airlines in the region are responding
The captains of Asia's airline industry - along with business heads at other fuel-intensive companies - undoubtedly breathed a collective sigh of relief as fuel prices trended down steadily in the past six months. The global benchmark West Texas Intermediate (WTI) crude oil spot price was hovering around $60 a barrel (bbl) in mid-February - dropping as low as $49.90/bbl in January - down from its record high of $78/bbl in August last year. And jet fuel prices have closely tracked this trajectory
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