Oireachtas Joint and Select Committees
Wednesday, 16 November 2022
Joint Oireachtas Committee on Transport, Tourism and Sport
Update on Issues in Aviation Sector: Engagement with Mr. Willie Walsh
Mr. Willie Walsh:
Not all airlines hedge. For example, the US airlines typically do not do so. Another factor in the oil price that we need to reflect on is the strength of the dollar. The dollar has significantly appreciated versus most currencies. Given that fuel is priced in dollars, there has been the added impact of the strength of the US dollar, so there are a number of headwinds there that will impact airlines' cost base.
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