Malaysia Airlines ‘aggressively hedging’ as it sees oil at US$70

KUALA LUMPUR: Malaysia Airlines Bhd projects oil prices will increase to about US$70 a barrel toward the end of this year and has aggressive fuel hedging in place as the money-losing national carrier seeks to return to profitable operations.

“At the moment, we are hedged about 65% of the current year at about a little bit north of US$60,” CEO Peter Bellew said in a Bloomberg TV interview with Haidi Lun.