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Wizz Air reinstates jet fuel hedging policy amid soaring prices

06/16/2022

Less than a minute

2022.06.16 12:15

Wizz Air reinstates jet fuel hedging policy amid soaring prices
FILE PHOTO: A Wizz Air plane is de-iced before flight at the Chopin International Airport in Warsaw February 6, 2012. REUTERS/Peter Andrews/File Photo

(Reuters) – 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.

06/16/2022

Less than a minute

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