Updated: 05/10/2012 23:43

Singapore Airlines: Hedged About 25% Of Jet Fuel Requirement Near US$126/Bbl

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Singapore Airlines has hedged about a quarter of its jet fuel requirements near US$126 a barrel, as part of efforts to deal with the current high fuel price environment.

Chief Executive Goh Choon Phong said at a briefing that the airline expects to buy 37 million barrels of jet fuel in the fiscal year that started April 1st.

Mr Goh said that fuel prices have eased somewhat in the current quarter, though yields remain flat.

However, traffic to Japan has recovered to the levels before the tsunami and nuclear radiation incident in March last year.

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