Dateline 2026-04-02, The Edge Malaysia:
KUALA LUMPUR (April 2): Malaysia Aviation Group (MAG) has hedged about one-third of its fuel needs for this year, offering some breathing room for the owner of Malaysia Airlines amid soaring jet fuel prices.
In the second quarter alone, the group has a collar hedge for 50% of its fuel requirement, capping its cost at around US$80 per barrel with a floor of about US$60 per barrel, MAG president Captain Nasaruddin A Bakar said at a briefing on Thursday. Apart from jet fuel, insurance premium rates have also increased, he flagged.
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Wata - Malaysian Oil and Gas Engineer 