Originally Posted by
adambadam
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.