Growth Frontiers London: Paratus CEO calls for airlines to hedge jet fuel more effectively

Paratus CEO and founder Gus Majed called for airlines to more effectively hedge jet fuel. “Many of us have seen the headlines over the years; airline suffering significant balance sheet hits as a result of derivative edges over the years,” Majed said at this year’s Airline Economics’ Growth Frontiers London 2024. “These are the headlines that keep CEOs, board members, and shareholders up at night. But when you study the data and look at the frequency, it happens far, far more often than one would imagine.” He said jet fuel price risk is “as existential a risk as any other