Interesting to note that the fuel hedging loss was equal to 16 months worth of the $2billion per month we are supposedly losing. That’s quite a lot!
Originally Posted by
Dilbert68
AA does not hedge fuel at all, their CEO says it is just not worth it in the long run. Based on the 4B USD we recently lost plus the losses that are coming, I would say he is right. CX has lost more money through their hedging department than they have ever gained. The fact that these people are still employed while continuing to lose billions of dollars for the airline is gross negligence.