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Exclusive - U.S. airlines confront cheap oil's flip side: costly hedges
2014-12-23 08:33:34| Airlines - Topix.net
Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes. In theory, airlines are among the top beneficiaries of a six-month slump that halved crude prices to five-year lows.
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Category:Transportation and Logistics