Originally Posted by
laxmillenial
Does this actually matter? I thought all airlines except AA hedged their oil bets. Therefore, oil rising in prices don’t affect them till at least a year or more later since they’ve already pre-bought / hedged.
Not to delve too deep into finance, but even though spot oil / prompt oil futures contracts are trading near $70, the futures curve is backwardated...depending on how far out UA and others hedged, they may not have any exposure to anything north of $60/bbl right now.