Date: 4 weeks ago   Category: Transport

Aeroflot hedged 70% of costs of kerosene in 2019 — Rambler News Service


The Russian airline "Aeroflot" hedged 70% of costs of aviation fuel in 2019, the Reuters agency with reference to the statement of the head of airline Vitaly Savelyev writes. "We this year hedged... kerosene because there is such feeling that kerosene can play inexplicably in the market again", – quotes Savelyev's agency. Aeroflot last time hedged costs of kerosene in 2015, but then the transaction yielded it losses as fuel prices went down. But two years ago kerosene began to rise in price sharply. Additional expenses of Aeroflot because of the risen in price kerosene last year made 48 billion rubles, the company reported on Tuesday. The President of Russia Vladimir Putin during "Straight line" expressed aviation fuel price control the need. The president noted that the price of aviation fuel last year grew by 30%, and the cost of air tickets grew by 9.5%. The government develops the mechanism on inclusion of aviation fuel in the system of receiving the return excise on oil.

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