Originally Posted by
Tiger_lily
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!!
