I was listening to the AMR conference call and they mentioned their Q4 fuel hedge was at $109/brl with a floor of $80/brl. They won't be paying a penalty for the price drop below the floor. What excatly does this mean? Are the hedges null and void?
They are only 20% hedges through 2009 I believe, so with oil currently sitting at $73, I would assume they could gain a tremendous competetive edge over the other carriers.
Is there a website for future hedges in place?
Thanks
They are only 20% hedges through 2009 I believe, so with oil currently sitting at $73, I would assume they could gain a tremendous competetive edge over the other carriers.
Is there a website for future hedges in place?
Thanks