“We’re still unhedged for Q4, we haven’t extended our hedging program any futher,” O’Leary told Reuters in a telephone interview.
Europe’s largest low-cost carrier said in late July it expected a full-year result between breakeven and a loss of €60 million ($89.86 million) on the basis of its existing fuel hedges, fourth-quarter oil prices estimated at around $130 per barrel and average fares falling by 5%. (Reuters)
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