Originally Posted by
mngmt mole
I suspect there is a minimum contractual "buy" each day/week/month/year. The company is likely paying high prices for millions of gallons that they don't currently require. Just a guess, but another epic loss to be announced at a later date. Certainly, the company will likely seek to recoup some of that from their employees, just like the last time.
something like this - yes. You can’t actually hedge jet fuel/ kerosine, just the underlying crude. And 50-60% hedged would be on forecast fuel needs, so they are almost certainly needing to settle crude oil contracts in excess of fuel burn