Odd Lots · Friday, October 2, 2026
David Kang, former group treasurer at Qatar Airways, revealed that jet fuel constituted 44% of the airline's expenses during his tenure, a significantly higher figure than the industry average of 25-30%. This substantial exposure necessitated innovative hedging strategies to protect the company's financial health.
“That's the reason why I had to get creative. Wow. It was huge for us. I mean, you know, if you're like the rest of the world's airlines, right? So anywhere from 25, 30% of your cost is jet fuel.”
“But our cost, our exposure to the, you know, to the barrel, to jet fuel, right, was 44%. That's nearly half your expenses. Wow.”