SIA Goes Long On Crude Oil
K Ajith, Director of Transport Research Asia, UOB Kay Hian Singapore
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Singapore Airlines' (SIA) move to change its hedging policy and extend its fuel-hedging contracts to 5 years from 24 months before, may seem like a timely move to lock-in its costs, as crude oil prices begin to stabilise. No change is expected for its dividend payout levels as a result of such longer forward commitments.
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