You are here

US airlines rush to cover costly hedges

Falling oil prices leave them with billions of dollars in losses due to 'costless collar' plans
Thursday, December 25, 2014 - 05:50
33475959.jpg
Some major US airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes.

New York

SOME major US airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes.

In theory, airlines are

Powered by GET.comGetCom