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All Nippon Airways Co. plans to boost fuel hedging to cover almost all of its needs for this business year as oil prices soar to a record, according to a senior ANA official.

The airline will increase hedging to cover 96 percent of its needs for the year ending March 31, from 80 percent at the end of last business year, Eiji Kanazawa, the Tokyo-based carrier’s senior vice president for finance and accounting, said recently.

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