"It is our thinking now that we could add a bit of hedge," Karlsen said.

The northwest European jet fuel price in the spot market soared to all-time highs above $1,600 per tonne in early March after Russia's invasion of Ukraine.

It has since fallen back to around $1,264 on Thursday. On Aug. 8, it was as low as $1,000.

(Reporting by Victoria Klesty, editing by Gwladys Fouche)