That's the US. Meanwhile in Europe the practice is alive and well: https://www.irishtimes.com/business/2026/03/25/ryanair-to-hold-off-jet-fuel-hedging-in-iran-

That's the US. Meanwhile in Europe the practice is alive and well: https://www.irishtimes.com/business/2026/03/25/ryanair-to-hold-off-jet-fuel-hedging-in-iran-war-gamble/ https://www.irishtimes.com/business/2026/03/25/ryanair-to-ho... > European carriers have hedged about 80 per cent of the fuel they need for this year and typically take out new hedges on a rolling basis to lock in future prices.