Old Oct 18, 08, 4:35 pm
  #14  
seattle29
 
Join Date: Dec 2007
Location: Harrogate
Programs: BA, KL, DL
Posts: 928
Originally Posted by Tiger_lily View Post
I never thought I'd see the day that that happened. Is it true that UA hedged at ~$130?
Well, UA has said it expects to lose $544 million due to fuel hedging, just in 3 months

One can only assume that they've hedged at well over $100 per barrel for months ahead!

http://biz.yahoo.com/ap/080917/airlines_fuel.html?.v=3

And yes, Southwest has also made a loss due to its fuel hedges

http://www.latimes.com/business/la-f...,6167330.story

Just goes to show how volatile this whole industry is... I think some of us take it for granted sometimes!!
seattle29 is offline