Qantas says hedging has 'helped us to be quite competitive'

Qantas Group CEO Alan Joyce said the carrier is dealing with crude oil quite well after the price of the commodity more than doubled in the past two years (Bloomberg, 05-Feb-2018). Mr Joyce commented: "The way our hedging works - it typically puts a cap on our fuel expenditure and allows us to participate if fuel was to fall...And that's actually helped us to be quite competitive. We are coping quite well with fuel at the moment".