What kind of exposure does UA have by locking in the Euro at a rate we're probably not going to see this year? What does this mean in terms of real money to UA?
United also said that its only currency hedge going forward into 2015 is on the euro. It has hedged about 60 percent of its exposure at a rate of $1.22, Rainey said.
http://www.reuters.com/article/2015/...0V11Z620150122
Today the Euro is just above $1.12 and it's dropped 6 cents just in the last 10 days. I've seen one forecast to expect 1:1 down the line.