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United Continental, Delta bet on long oil slump

Thursday, November 26, 2015 - 05:50

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Delta said last month that it hedged 5 per cent of its fuel for next year, down from 20 to 25 per cent announced in May and 30 to 40 per cent announced last year for 2015.

Calgary

TWO of the world's biggest airlines are betting that oil prices won't rally any time soon, growing more cautious after losing hundreds of millions of dollars on hedges.

United Continental Holdings Inc and Delta Air Lines Inc have reduced fuel hedging as oil plunged close to

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