Kenya Airways has announced plans to resume aviation fuel hedging in the second half of this year to counter price volatility and a steep increase in costs. The airline had suspended fuel hedging in 2016 after steep losses. The carrier has now restructured its finances and chief executive Sebastian Mikosz states that controlling fuel price volatility is now of the upmost concern for the carrier, telling a conference that now was the time for "a very lean, mean, conservative policy of buying insurance”, reports Reuters.
"I'm absolutely confident that in the third or fourth quarter of this year, Kenya Airways will start opening hedge policies again. You can expect some hedging disclosures next year," he said.