Europe Airlines Cut Jet Fuel Hedging as Prices Seen Falling
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Air France-KLM, Europe’s biggest carrier, led cuts in fuel-cost hedging by the continent’s airlines in the third quarter as prices headed for the first annual decline in six years.
The airline reduced the value of the jet fuel it hedged by $338 million for the period compared with a year earlier, data from the company show. Three of the five largest carriers tracked by Bloomberg cut their protection against price increases for this year, while two kept it the same.