Emirates CEO: Airline well-hedged on jet fuel until 2028-29 as prices surge
Emirates has hedged its exposure to higher jet fuel prices for the next three years and has secured enough supply to meet current and future needs.
That news comes as the airline group on Thursday reported record annual profit.
Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said the group has hedged its exposure to higher jet fuel prices for the next three years and has secured enough supply.
That's as airlines around the world face sharply higher fuel prices due to the Iran war.
Emirates posts record annual profit
- Dubai’s Emirates Posts Record Profit Despite War Disrupting Air Traffic Wall Street Journal —
- Emirates airline defies Iran war disruption to record profits The Independent —
- Emirates Group annual profits up 3% despite Mideast war RTE —
- Emirates posts record profits for third consecutive year Semafor —
- Emirates soars to record profit despite Iran war grounding planes Financial Times —