Originally Posted by
marchino61
Due to hedging, the drop in price might even cost some airlines money - they have hedged (e.g. bought forward) fuel at prices higher than the current price that they no longer need.
They will have to close those futures contract out at a loss.
Cathay and Delta both lost money on their hedges when oil prices dropped in recent years.
Delta even bought a refinery which it later sold at a loss:
https://www.forbes.com/sites/danielr.../#37f79231c198