Air China CFO wants simpler fuel hedges; other airlines remain unhedged
Air China will seek simpler hedging strategies when its current contracts expire. Meanwhile, other airlines in Asia are taking differing approaches to hedging, with some risking big profit losses by staying completely unhedged.
Air China executives say that the carrier needs to look into simpler products for future hedging "so we can really bring about some hedging effects", according to Cheng Fan, vice-president, executive director and chief financial officer for Air China, speaking at the company's annual results announcement in Hong Kong via translator on March 31.
Air China has maintained many of its previous 2008 contracts, with the CFO noting that many of them will expire in July this year. In 2008 the carrier
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