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Old 20th Jan 2018, 07:29
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Lions Gate
 
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Numero. I understand your logic, however, does not the recent increase in oil prices actually 'reduce' the paper losses on the hedge (ie: if fuel was 20 and we were hedged at 80, the paper loss would be 60, ergo, if the fuel is 80 and the hedge is 80 there is no paper loss whatsoever).
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