Many airlines have been hit hard by price swings in the jet fuel market, while others are not in a position to hedge their exposure, the International Air Transport Association (IATA)’s head of fuel Daniel Chereau says, according to Reuters.
Some airlines with more elaborate hedging strategies get a bit of a cushion, but the impact of soaring jet fuel refinery profit margins, known as crack spreads, has not been helpful for the airline industry, Chereau told the S&P Global Energy Middle East Petroleum and Gas Conference.
