JumpJetter
Basking in LUV!
- Joined
- Nov 25, 2001
- Posts
- 356
It's gonna hurt on the way down too. Noted CAL is "not disclosed". Heard they are hedged AT LEAST 33% @ 140/barrel. Ouch. Don't know the time period.
http://www.reuters.com/article/rbssA...080804?sp=true
FACTBOX-U.S. airlines' fuel hedging positions
Mon Aug 4, 2008 12:31pm EDT
Aug 4 (Reuters) - U.S. airlines have hedged the price ofoil to protect themselves from rising fuel costs, but some mayend up losing money on hedges if the price of crude oilcontinues to decline. U.S. crude oil futures CLc1 traded around $120.50 perbarrel in New York on Friday, down from an all-time high over$147 in mid-July. Jet fuel JET-USG was trading around $3.45per gallon, down from an all time high just above $4.20 inearly July. The following table shows airlines' fuel hedges as theyreported them alongside second-quarter results.
AIRLINE PERIOD PCT HEDGED PRICE
Continental Airlines H2 08 63 not disclosed H1 09 29 not disclosed
* United Airlines Q3 08 44 $100-$127/bbl
Q4 08 47 $99-$134/bbl FY 09 14 $102-$152/bbl
American Airlines Q3 08 35 $95/bbl
FY 08 34 $82/bbl
Northwest Airlines Q3 08 63 not disclosed
Q4 08 56 not disclosed Q1 09 21 not disclosed
Southwest Airlines Q3 08 80 $61/bbl
Q4 08 80 $58/bbl FY 09 70 $66/bbl FY 10 40 $81/bbl
Delta Air Lines Q3 08 48 $2.94/gln of fuel
Q4 08 46 $3.42/gln of fuel FY 09 21 $3.48/gln of fuel FY 10 5 $3.05/gln of fuel
*US Airways Q3 08 58 $97/bbl Q4 08 47 $108/bbl
* Data includes fuel consumption for mainline operationsonly. All others are for consolidated airline operations. (Reporting by Kyle Peterson; Editing by Andre Grenon)
http://www.reuters.com/article/rbssA...080804?sp=true
FACTBOX-U.S. airlines' fuel hedging positions
Mon Aug 4, 2008 12:31pm EDT
Aug 4 (Reuters) - U.S. airlines have hedged the price ofoil to protect themselves from rising fuel costs, but some mayend up losing money on hedges if the price of crude oilcontinues to decline. U.S. crude oil futures CLc1 traded around $120.50 perbarrel in New York on Friday, down from an all-time high over$147 in mid-July. Jet fuel JET-USG was trading around $3.45per gallon, down from an all time high just above $4.20 inearly July. The following table shows airlines' fuel hedges as theyreported them alongside second-quarter results.
AIRLINE PERIOD PCT HEDGED PRICE
Continental Airlines H2 08 63 not disclosed H1 09 29 not disclosed
* United Airlines Q3 08 44 $100-$127/bbl
Q4 08 47 $99-$134/bbl FY 09 14 $102-$152/bbl
American Airlines Q3 08 35 $95/bbl
FY 08 34 $82/bbl
Northwest Airlines Q3 08 63 not disclosed
Q4 08 56 not disclosed Q1 09 21 not disclosed
Southwest Airlines Q3 08 80 $61/bbl
Q4 08 80 $58/bbl FY 09 70 $66/bbl FY 10 40 $81/bbl
Delta Air Lines Q3 08 48 $2.94/gln of fuel
Q4 08 46 $3.42/gln of fuel FY 09 21 $3.48/gln of fuel FY 10 5 $3.05/gln of fuel
*US Airways Q3 08 58 $97/bbl Q4 08 47 $108/bbl
* Data includes fuel consumption for mainline operationsonly. All others are for consolidated airline operations. (Reporting by Kyle Peterson; Editing by Andre Grenon)