Emirates ‘comfortable with $70 a barrel’ | GulfNews.com:
"Keeping in mind the current volatility in oil prices, Emirates Chairman says while the airline has not yet taken a call on whether it would re-start its hedging strategy, oil prices in the region of $70 per barrel and above would be a comfortable area for the airline industry.
Asked if Emirates would reconsider its strategy, having called it off a few years ago, Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and CEO of Emirates airline and Group, said: “We haven’t decided as yet if we [will] do it or not, and what percentage [of Emirates’ fuel]. Oil prices in the region of $70-$75 [a barrel] will be acceptable to the entire industry, not just Emirates.”
Emirates scrapped its hedging policy a few years ago after having taken a huge hit on its bottom line owing to oil price volatility."
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