1. Fuel hedging can be an advantage it is just this month, I am sure many airlines will have dealing with crude oil companies. 2. Hedging here doesn't necessarily the same as speculative hedging by crude oil speculators. 3. Qantas is also adjusting $1500 govt benefit to employees for penalties ...this has caused a jitter with the employee union. This could be one of the reasons for today's beating of its stock. Largely I do not see much bottom from this level. All probability in May, it may resume its local operation. I am already seeing most shops opening. I do not see much bottom for crude either as it has already hit the rock bottom. At some point, people have to move and that point is getting very close now.
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