Airlines seem to hedge only 90% of expcted need. I guess they can then chamge their flying programme and vary slightly how much they uplift to manged cost/profitablity. Getting hedging wrong can be very costly but FR made some good profits on getting it near perfect in the past. What we see are spot prices and it is likely not to be possible to hedge at those rates. At the end of the trading period the market may be short (price spikes to $147) or have more than is needed (price dips to $77). Look at
NYMEX.com for long term rates.