Fuel price turbulence
Latin American airline Grupo Transportes Aéreos Centroamericanos has implemented an aggressive risk management policy. Arielle Weliky reports on how the firm has attempted to take the sting out of surging jet fuel prices
Major airlines’ balance sheets are feeling the strain from surging oil prices and increasingly fierce competition from budget carriers. In 2004, jet fuel prices surged 21%, with the New York Harbour contract reaching an all-time high of $1.68 a gallon in October.
Airlines with inadequate or non-existent hedging programmes are under particular pressure. Just last month, US airline Delta told the
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