Fuel hedges curb Royal Jordanian's profit | Fuel hedges curb Royal Jordanian's profit -
ein

Fuel hedges curb Royal Jordanian’s profit

Jordan: Monday, April 20 - 2009 @ 09:07

Royal Jordanian said its fuel hedging policy has led to unrealized losses of about $65.9m. The airline said it had hedged 30% of the fuel forecast for 2008 and 2009 at an average price of about $105 a barrel, resulting in a net loss after tax of $33m, after a fuel bill costing $410m was taken into account.

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Monday, April 20- 2009 @ 9:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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