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Virgin America sees opportunity in low fuel prices
Philippines News.Net
Sunday 23rd November, 2008
The chief executive of Virgin America has said lower fuel prices will present a unique hedging opportunity for his airline.
Volatile fuel costs have turned out to be prohibitive for airline companies, but hedges are instruments that can effectively lock in long-term prices.
David Cush has said he sees a unique opportunity with what's going on in the fuel markets right now to lock in some long positions.
He said Virgin would soon start to buy contracts at some of the current cheap prices to ensure reasonable costs in two, three, and four years into the future.
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