Consultant Ninja: When "hedging" is just speculation (part 2.
Consultant Ninja
MARCH 5, 2009
Unfortunately they locked them in at level that guarantees an operating loss. 2) United appears to have done minimal hedging through 2006 & 2007, only launching on a massive hedging action in 2008. They locked in an operating loss, regardless of the price of fuel. Productivity. (6). Presentation Zen. at 1:52 PM.
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