Link Securities | The airline holding company is shielded from a possible increase in oil prices with hedges equivalent to 62% of the fuel it expects to consume this year, according to the company, as reported by the newspaper Expansión. This is identical to the proportion held by AirFrance-KLM and lower than that held by Ryanair (80%), which usually has one of the highest percentages in its sector in Europe.
In its latest report, IAG also adds that low-cost airlines [Vueling and Level, in Spain] can adopt hedges of up to 80% in the short term.
