Operational Performance Update Amid COVID-19
10KBBL
Financial Risk Management (CI)
1.Fuel Cost: Hedging ratio is 4.5% during next six months
Jet Fuel (MOPS)
Fuel Consumption
USD/BBL
2020 Q1-Q3
2021 Q1-Q3
YoY%
44.04
70.75
60.65%
1,026.71
1,059.95
3.24%
Fuel Expend
TWD/100 Million
167.38
223.27
33.39%
Hedging Loss (Gain)
TWD/100 Million
0.34
-0.02
Total Fuel Cost
TWD/100Million
167.72
223.25 33.11%
2. Exchange rate hedging
The current cash position of US Dollars well manages to offset the unrealized
gains(losses) of the US Dollars liabilities caused by the exchange rate, as the effect
of natural hedging.
3. Interest rate hedging
ā As of Sep 30 2021, The portion of Fixed-rate borrowing positions was approximate
18%.
ā Keeping a close watch on the monetary policy trends of major economies and
formulate hedging strategies based on market dynamics.
CHINA AIRLINES
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