FACTBOX-European airlines' fuel hedging positions

(Reuters) - Record high prices for crude oil since last year have put airlines' hedging activities in the spotlight.

Jet fuel is the biggest cost for budget carriers and usually ranks second behind wages for traditional airlines.

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Below are the latest hedging positions for some of Europe's largest airlines, sourced from the companies. (arranged alphabetically):

AIRLINE PCT HEDGED PERIOD PRICE/BBL LAST

UPDATE

Air France-KLM 81 2007-08 $82 June 2008 75 2008-09 $102

55 2009-10 $99

36 2010-11 $98