StockMarketWire.com - Low-cost carrier Wizz Air said it had increased its fuel hedging position following a spike in crude prices caused by an attack on Saudi oil production capabilities.

The company said it had increased its hedge position beyond its policy minimum levels of 50% of projected jet-fuel requirements for the next twelve months, and 40% on an 18-month hedge horizon.

Hedge coverage for the seven-months period in the 2020 financial year had been extended to 77%, and for the 12-month period in the 2021 financial year it had been extended to 43%.

At 9:50am: [LON:WIZZ] Wizz Air Holdings Plc share price was +16p at 3388p



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