No Jet-Fuel Hedge Makes AirAsia Worst-Performing Airline Stock
Low-cost carrier AirAsia X Bhd is paying a steep price for its wrong-way bet on jet fuel. Management’s decision not to hedge when oil was cheap has backfired after the...
By Danny Lee · Bloomberg Markets
Low-cost carrier AirAsia X Bhd is paying a steep price for its wrong-way bet on jet fuel. Management’s decision not to hedge when oil was cheap has backfired after the Iran war, and the company is now the worst-performing airline stock in the world.