RE: Hedged fuel prices6 Feb 2025 10:44
Last time I’ll visit this. I’ve looked long and hard at barrels to a metric tonne. Few different answers, 7.80, 7.8625, (official) 7.88, even 7.93 at a certain temp. I’ll use 7.88 as it’s the official factor used. Again, and still waiting, hope I’m wrong?
EasyJet H1 82% hedged at 102.4 $ per barrel (807 $ per metric tonne/ 7.88, barrels in that tonne). Fuel used in H1 last year. 915m. That’s 750.3m of fuel hedged, like for like. Ryanair have hedged 28% lower. Saving if hedged at Ryanair’s rate would have saved 210 million in first half of the year, if the flights remained the same.
H2, 64% hedged, Ryanair 22.12% lower. Saving on hedged amount at Ryanair’s rates = 186m
H1 ‘26. 32% hedged, saving = 71.47million.
Results day, I said this, think one person acknowledged,
Full year (projected) 709m against 610m last full year.
As they’ve saved 65 million like for like this Q, and the full year projected is 99m higher than last years actual PBT, that leaves 34m improvement for the three remaining Q’s. Seems a bit disappointing, when looking at it that way for the rest of ‘25?
Also found this from a while back….
The British discount carrier EasyJet has hedged 76% of its fuel requirements for the first half of 2024 at $109.75 and 51% for the second half at $104.18 a barrel. Irish low-cost carrier Ryanair seems to be one step ahead of the competition, with fuel hedging figured out until next year. The budget giant has secured approximately 85% of its fuel requirements at $89 per barrel and over 50% for 2025 at $79 per barrel.
You carry on about Trump and stuff. I’m more bothered about my investment here.