MAS sees US$70 oil, ag­gres­sively hedg­ing

New Straits Times - - Business -

Malaysia Air­lines Bhd projects oil prices will in­crease to US$70 (RM311.68) a bar­rel to­wards the end of the year and has ag­gres­sive fuel hedg­ing in place as the na­tional car­rier seeks to re­turn to prof­itable op­er­a­tions. “We are ag­gres­sively hedg­ing 12 months ahead on a quar­ter-to-quar­ter ba­sis and tak­ing a pru­dent ap­proach,” said chief ex­ec­u­tive of­fi­cer Peter Bellew yes­ter­day. MAS is pro­ject­ing a re­turn to what Bellew calls “more con­sis­tent prof­itabil­ity” in 2018.

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