Virgin Australia Holdings Ltd

VGN: XASX (AUS)
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Virgin Australia: Jet Fuel Hedging and Pricing Offset Fuel Shock

Virgin Australia provided a trading update, given the Iran conflict, with jet fuel prices more than doubling since February. Fuel cost increases have been largely mitigated through hedging of both Brent crude and the jet fuel spread, alongside higher airfares. Shares rose 8%.

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