Fuel Cost - Hedging

SIA hedges 20% of 2011-12 jet fuel needs

Singapore Airlines chief executive Goh Choon Phong said the carrier was hedged for 20 percent of its jet fuel requirements in the current fiscal 2012 year, reported Dow Jones Newswires.

"For the full year this year we are hedged at roughly 20 percent of our jet fuel requirement, and it's roughly hedged at US$130 per barrel," Goh said.

The airline has hedging flexibility of 20 percent to 60 percent for the full year, he added.

Goh also said the airline is open to merger and acquisition opportunities in Asia if opportunities arise.