Lufthansa continues to save through fuel hedging
German airline Lufthansa has reported a increase in operating expenses of only 1.3% despite a big surge in fuel prices, partly thanks to its fuel-hedging strategy.
The spot price of Rotterdam ARA kerosene-type jet fuel has climbed to US$1.75 a gallon as of July 28 from around $1.32/gallon at the start of the year.
The carrier cited “ongoing cost containment and fuel price hedging measures”, on top of
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