No near-term benefit for Air NZ in oil price plunge
Is the airline doing enough to react to Covid-19?
Air New Zealand won’t get near-term relief from plunging oil prices, as its hedging strategy means the price it pays is locked in.
Oil prices plummeted on Monday in the biggest crash since the 1991 Gulf War, with a looming oil price war between Russia and Saudi Arabia.
Brent crude
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