Consultant Ninja: When "hedging" is just speculation: Management.
Consultant Ninja
MARCH 4, 2009
Wednesday, March 4, 2009. The volatility of and increases in crude oil prices, a weakening economic environment and a highly competitive industry with excess capacity have created an extremely challenging environment for the Company. billion during the year ended December 31, 2008. " - United Airlines 2008 10-K, 2 March 2009.
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