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Fuel hedging proves costly for US airlines as oil prices plummet

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Published Sun, Jan 24, 2016 · 09:50 PM

    New York

    THE lowest fuel prices for more than a decade are proving to be a double-edged sword for US airlines.

    While carriers saved hundreds of millions of dollars from oil prices halving since June, they forfeited a large chunk of that gain because of the fuel hedges they bought as protection against oil rising.

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