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For the past 2-3 years or so, its fuel hedging has actually had a net negative effect on profit, as their hedged prices were higher than market price for Jet A.
by bbatsell 16y ago
For the past 2-3 years or so, its fuel hedging has actually had a net negative effect on profit, as their hedged prices were higher than market price for Jet A.
- secret 16y agoWhile not good, that is part of hedging. It's basically an insurance premium for a policy they never had to collect on.