Wednesday, Oct 29, 2008

Ain't no oil behind this hedge

reuters: Lufthansa's fuel hedging hit by Lehman crisis

Airlines use hedging to protect themselves against sharp rises in jet fuel costs, one of their biggest expenses. Lufthansa's fuel costs in the first nine months rose 48.9 percent from the year-earlier period.

Posted by mark @ 10:57 AM (146 views) Add Comment

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