m - Vueling
m - Vueling
m - Vueling
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For 2013, <strong>Vueling</strong> has hedged 71% of its fuel needs and 79% of its<br />
currency needs<br />
100%<br />
80%<br />
60%<br />
40%<br />
20%<br />
0%<br />
100%<br />
80%<br />
60%<br />
40%<br />
20%<br />
0%<br />
Source: <strong>Vueling</strong> hedging levels as of 27 th Feb 2013<br />
17<br />
$1,019<br />
87%<br />
FY 2012<br />
1.39<br />
86%<br />
FY 2012<br />
$1,001<br />
78%<br />
Q1’13<br />
1.32<br />
98%<br />
Q1’13<br />
Fuel hedging<br />
$991<br />
71%<br />
Q2’13<br />
Dollar hedging<br />
1.32<br />
76%<br />
Q2’13<br />
$985<br />
71%<br />
Q3’13<br />
1.31<br />
74%<br />
Q3’13<br />
$984<br />
67%<br />
Q4’13<br />
1.32<br />
73%<br />
Q4’13<br />
$989<br />
71%<br />
FY 2013<br />
1.32<br />
79%<br />
FY 2013<br />
$988<br />
14%<br />
FY 2014<br />
1.34<br />
43%<br />
FY 2014<br />
1,200<br />
1,000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
1.5<br />
1.0<br />
0.5<br />
0.0<br />
● 71% of 2013 fuel<br />
needs are hedged at<br />
an average of<br />
$989/mt<br />
● 79% of 2013 dollar<br />
needs are hedged at<br />
1.32$/€<br />
● A 100$ change in<br />
Jett fuel prices has a<br />
€10.9m effect in<br />
EBIT at current fuel<br />
prices and exchange<br />
rates
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