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USAirways Has Hedged 41% Of Fuel For 2nd Quarter  
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3090 posts, RR: 10
Posted (8 years 1 week 11 hours ago) and read 3445 times:

Courtesy: Associated Press

USAirways Has Hedged 41% Of Fuel For 2nd Quarter

http://biz.yahoo.com/ap/060707/us_airways_hedging.html?.v=1

5 replies: All unread, jump to last
 
User currently offlineLeftshoe From Germany, joined Mar 2004, 22 posts, RR: 0
Reply 1, posted (8 years 1 week 10 hours ago) and read 3355 times:

In the article it is mentioned that Southwest hedged the majority of its fuel at an (in my eyes) unbelievable 36$/barrel oil. If that's true, kudos to WN!!!

How's the hedging policy at other airlines?

For non-market insiders it's quite difficult to make something out of the article and to assess whether 41% is an adequate rate.


User currently offlineBoeing 747-311 From United States of America, joined Mar 2001, 795 posts, RR: 0
Reply 2, posted (8 years 1 week 10 hours ago) and read 3348 times:

It says there that SOuthwest has hedged its fuel for 70 percent fo its fuel at 36 dollars per barrel is that true am i reading this right? becuase that would make them spending haldf of what other airlines are paying


Come fly with US
User currently offlineB6767200 From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 1 week 10 hours ago) and read 3284 times:

Quoting Leftshoe (Reply 1):
In the article it is mentioned that Southwest hedged the majority of its fuel at an (in my eyes) unbelievable 36$/barrel oil. If that's true, kudos to WN!!!

How's the hedging policy at other airlines?

For non-market insiders it's quite difficult to make something out of the article and to assess whether 41% is an adequate rate.

Fuel hedging can be very expensive, in order to hedge you have to pay up front and in full!

Does anyone know of the loop hole for fuel if bought in Oakland, California? I remember reading something along the terms that you can fill your plane up anywhere in California and get a tax break if the fuel is bought in Oakland, I know United and jetBlue have received tax breaks in association with this. Any information will be appreciated.


User currently offlineA342 From Germany, joined Jul 2005, 4679 posts, RR: 3
Reply 4, posted (8 years 1 week 8 hours ago) and read 3185 times:

Quoting Boeing 747-311 (Reply 2):
It says there that SOuthwest has hedged its fuel for 70 percent fo its fuel at 36 dollars per barrel

I wonder when they made those contracts...

But would it have been possible to make a contract, which is valid for an unlimlited time, when oil was at 10$ or so ? Now that would have been a bummer.



Exceptions confirm the rule.
User currently offlineAloha73G From United States of America, joined Jul 2003, 2354 posts, RR: 4
Reply 5, posted (8 years 1 week 8 hours ago) and read 3153 times:

Quoting KarlB737 (Thread starter):

USAirways Has Hedged 41% Of Fuel For 2nd Quarter

......at $67.37

Not too exciting, especially compared to Southwest.

As far as the Oakland thing, I ahve no idea about that, but I do know that Hawaiian has bought fuel in Singapore and shipped it to Hawai'i saying it was cheaper to do it that way.

When the price is sky high, you have to get creative!!!

-Aloha!



Aloha Airlines - The Spirit Moves Us. Gone but NEVER Forgotten. Aloha, A Hui Hou!
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