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Steep capacity cut leaves airlines with overhedged jet fuel headache

FILE PHOTO: A pipe transporting jet fuel offloaded from barges in seen at Kinder Morgan's
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SYDNEY/SINGAPORE (Reuters) - The collapse in global passenger flights has left airlines with fresh challenges: how to manage overhedged jet fuel positions as oil prices crashed to just a third of some contracts agreed in anticipation of rising prices and solid air travel demand.A shattered global airline industry is now seeking tens of billions dollars from state bail-outs to absorb the shock from..
Date Published: Mar 20, 2020
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