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Europe's airlines increase jet fuel hedges to benefit from falling oil prices

Ryanair has the largest publicly declared hedging percentage among European airlines. It is 90 per cent hedged for the year to March 2016 at US$910 per tonne, and 70 per cent hedged at US$657 per tonne for the next year.


EUROPEAN airlines are exploiting a collapse in oil prices by hedging more of their fuel needs further into the future, but those that kept their powder dry before the rout are emerging as clear winners, industry sources say.

At a time of heightened price volatility, carriers...