logo
Plus   Neg
Share
Email

Wizz Air Updates On Fuel Hedging Positions - Quick Facts

Wizz Air Holdings Plc (WIZZ.L), a low-cost airline in Central and Eastern Europe, on Tuesday issued an update on its fuel hedging positions citing the significant increase in the fuel prices in recent days.

The company said that as of September 17, hedge coverage for the seven months in F20 was 77 percent, and for the twelve months in F21 was 43 percent.

For the seven months in F20, exposure was 703 thousand metric tons and coverage was 541 thousand metric tons. For the 12 months, exposure was 1.45 million metric tons and coverage was 621 thousand metric tons.

Wizz Air said the aim of the hedging policy is to reduce short-term volatility in earnings and liquidity. The company has taken advantage of lower fuel prices over the summer period and increased its hedge position beyond its policy minimum levels of 50 percent of the projected jet fuel requirements for the next twelve months and 40 per cent on an 18-month hedge horizon.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amity Packing Company Inc. is recalling around 2,020 pounds of raw ground beef products for possible plastic presence, the U.S. Department of Agriculture's Food Safety and Inspection Service stated. The agency said the products may be contaminated with extraneous materials, specifically clear, thin pliable plastic. The recall was initiated after Pre Brands LLC received two consumer complaints. Golden Pearl Trading Corp. is recalling certain ready-to-eat or RTE imported Siluriformes products that were produced without benefit of import inspection, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves around 12,054 pounds of Siluriformes products that were not presented for import re-inspection into the United States. The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft...
Follow RTT
>