High Prices Put Fuel-Hedging Policies in the Spotlight

aircraft in flight
Southwest is the most hedged U.S. airline, while Delta’s refinery helps with refining margins.
Credit: Joepriesaviation.net
A sharp rise in jet fuel prices in the weeks since Russia’s invasion of Ukraine has thrown airlines’ contrasting fuel-hedging policies into the spotlight, with carriers now reflecting on their longtime dilemma: to hedge or not to hedge. Oil prices were already high before the Russia-Ukraine war, but...

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