Airlines reconsider fuel hedging as costs rise

With jet fuel prices roughly double pre-war levels, some airlines are holding back from new hedges and warning that higher costs may push fares up. But the article also reports that some passengers have resisted fare increases, and that airlines are responding in different ways.

• Jet fuel is about twice as expensive as before the Iran war, and some airlines say they are reluctant to lock in fuel at elevated prices.· 1 source
• Airline approaches vary: some have paused or ended hedging, while others retain hedges; carriers have also cut capacity or changed fares in response to fuel costs.· 1 source
• Ryanair’s CEO forecast fare rises of 15% to 20%, while Norwegian Air Shuttle said it reversed some price increases after customers were unwilling to pay.· 1 source