Air New Zealand: Nearly 75% of fuel hedged for FY2018, USD6.5m hedge loss forecast

    Air New Zealand released (18-Aug-2017) its fuel hedge disclosure, as at 15-Aug-2017:

    • Q1FY2018: 1,695,000 barrels, 75% of total volume, USD2,950,573 forecast hedge loss;
    • Q2FY2018: 1,737,500, 78%, USD3,891,010 forecast hedge loss;
    • Q3FY2018: 1,622,500, 70% USD1,183,772 forecast hedge loss;
    • Q4FY2018: 1,257,500, 59%, USD1,486,886 forecast hedge gain. [more – original PR]