The hedging policies of airlines for jet fuels will determine the extent of impact arising from this ME crisis. SIA has a very prudent hedging policies of 5 years spread out within continuous quarters. Wonder what is AAX jet fuels hedging policy as compared with all other major airlines.

Unlike major carriers that hedge 50–80% of fuel, AAX typically hedges much smaller portions. One Research Report indicated around 12% of jet fuel hedged by AAX based on opportunistic hedging strategy (wants maximum pricing policy but higher exposure when oil prices spike). SIA - Structure and discipline hedging. MAS - Balanced hedging. AAX - light and flexible hedging (higher fuel price risks).