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2009 fuel hedges?

magrs

Well-known member
Joined
Jan 22, 2005
Posts
175
Total Time
6000+
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
 
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