Airlines Prepare to Hedge Fuel to Lock in Huge Savings

Singapore/Berlin: Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 per barrel. Some airlines have already stepped up hedging, especially after benchmark Brent crude slipped below $50 a barrel earlier this month, fuel traders and brokers said. In Europe, airlines such as Aer Lingus and Ryanair are aiming...