There is $200 mil of fuel hedges that have been offset by $200 mil of currency hedges so they got a little lucky there.
can someone explain how a currency hedge can offset a fuel hedge??.
i mean if you are using the + $$ from your currency hedge to offset/justify your - mtm on your fuel hedge, what are you going to use to cover your currency exposure that your original currency hedge was put in place to protect??
Last edited by im sparticus; 23rd Dec 2008 at 11:13.