Old Oct 20, 08, 7:49 pm
  #10  
jhayes_1780
 
Join Date: Apr 2005
Location: MBS/FNT/LAN
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Originally Posted by adambadam View Post
Is there any estimate as to how much fuel UA hedged at now very high prices?
The following is based on oil in the high $90's per barrel.

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

United Airlines said on Wednesday it is on track to lose $544 million on fuel hedges this quarter. That included $72 million in realized losses and another $472 million in unrealized losses. Those positions forced United to put $400 million into restricted cash for the parties on the other side of its oil price bets.
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