Fuel Hedging
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Pakistan-1
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Fuel Hedging
Does PIA do fuel Hedging? CX lost 1.2 billion USD because of it so I was curious if PIA did it and that is the reason why the airline is loosing money
Special Concept Livery to celebrate Pakistan's 70th year of Independence
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amjid84
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- Location: Brisbane
Re: Fuel Hedging
Pakistan-1 wrote:Does PIA do fuel Hedging? CX lost 1.2 billion USD because of it so I was curious if PIA did it and that is the reason why the airline is loosing money
PIA is loosing money due to many things. I wouldnt say its because of hedging though it would play a role. I am more concerned they allow much more as check-in baggage then other carriers - this is a huge cost. Secondly, they operate too many older aircraft (burning more fuel) and lastly they have too much dead weight (too many staff)...