Qantas warned senior management and staff, but not the markets, that its fuel bill could climb by A$1 billion ($930.8 million) in the fiscal year ending June 30, 2009. In a private e-mail to senior management obtained by Melbourne's The Age's BusinessDay, CEO Geoff Dixon announced a hiring freeze across the airline group. According to the paper, while QF's fuel costs are fully hedged for the current financial year, it is only 25% hedged from July at $83 a barrel. "Consequently, our operating ...

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