Qantas Coping Well With Rise in Crude Prices, says CEO Alan Joyce

Australian carrier due to announce earnings on Feb. 22
Replacing 747s with Dreamliners; eight deliveries this year

Joyce discusses his new long-haul routes, the price of jet fuel, shareholder dividends, and his option on 787 orders.(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Angus Whitley, Kyunghee Park, and Juliette Saly

February 5, 2018 at 12:45 AM UTC

This article is for subscribers only.

Qantas Airways Ltd. is dealing with crude oil quite well after the price of the commodity more than doubled in the past two years, Chief Executive Officer Alan Joyce said.

“The way our hedging works -- it typically puts a cap on our fuel expenditure and allows us to participate if fuel was to fall,” Joyce said in a Bloomberg Television interview Monday in Singapore. “And that’s actually helped us to be quite competitive. We are coping quite well with fuel at the moment.”