BusinessPhoto: Business StandardIndiGo Reviews Fuel Hedging Policy Amid Rising Jet Fuel Prices
IndiGo CEO Willie Walsh announced a review of the airline's longstanding policy against fuel hedging due to rising jet fuel prices caused by the West Asia conflict. The airline plans a comprehensive review before deciding on fuel hedging, a strategy to lock in fuel prices. Previously, former CEO Ronojoy Dutta had dismissed fuel hedging as unwise. Jet fuel accounts for about 40% of Indian airlines' operating costs.
Business Standard··Mumbai



