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+1 to this. I think it was 4 years back, the oil prices dropped hard and the airlines bought futures quantities in large supply to hedge for future needs. It wa
by supdatecron 7y ago
+1 to this. I think it was 4 years back, the oil prices dropped hard and the airlines bought futures quantities in large supply to hedge for future needs. It was a smart strategy
- UncleEntity 7y ago...then they sold the futures when prices went back up to make a quick, tidy profit. Except Southwest -- which had the other airlines whining because they had an "unfair advantage" with their locked-in lower prices.
- rym_ 7y agoWow, do you have a source for that last part?