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Airlines Bet on Long Oil Slump After Millions Lost to Hedging

2015-11-25 06:38:29| Airlines - Topix.net

Two of the world's biggest airlines are betting that oil prices won't rally any time soon, growing more cautious after losing hundreds of millions of dollars on hedges. United Continental Holdings Inc. and Delta Air Lines Inc. have reduced fuel hedging as oil plunged close to a six-year low.

Tags: to long lost oil

Category:Transportation and Logistics

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