Some airlines pull back from new fuel hedges as fare pressure builds

Some carriers have stopped adding new fuel hedges as jet fuel prices sit at roughly twice their levels before the Iran war, Reuters reported Oct. 28. Finnair remains partially hedged, while Ryanair CEO Michael O’Leary projected fares could rise 15% to 20%. Hedging policies differ across airlines, and Norwegian Air Shuttle said customers resisted some higher fares, forcing it to reverse price hikes.