Wizz Air reinstates jet fuel hedging policy amid soaring prices

The reinstated policy will be executed over next few weeks

Amna Karimi, Reuters News

June 16, 2022

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European budget airline Wizz Air said on Thursday it was reinstating a fuel hedging policy and adding additional jet fuel price caps in place for the second half of fiscal 2023, as it battles soaring fuel prices.

The London-listed airline's return to fuel hedging comes as the Russia-Ukraine crisis has sent fuel prices higher amid a gradual return to travel. Severe losses during the COVID-19 pandemic prompted Wizz to pause its programme.

The reinstated policy will be executed over next few weeks, the company added. (Reporting by Amna Karimi in Bengaluru; Editing by Shailesh Kuber)

Reuters

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