Asian airlines face $148/bbl jet fuel hedging dilemma as Middle East risk persists

Asian airlines' jet fuel hedges are expiring, forcing them to either lock in near-record prices (~$148/bbl) or remain unhedged against further spikes. Reuters cites executives saying prices are ~75% above pre-war levels and a 'new normal' is expected. This raises cost pressures for carriers and signals sustained energy inflation from Middle East conflict.

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