je.st
news
Tag: hedging
Cathay Pacific Airways may post hefty fuel hedging losses
2015-03-16 08:17:37| Airlines - Topix.net
Carrier expected to report stronger profit of HK$3.4 billion for year despite taking a bad hit from locking in oil prices at higher than spot Analysts polled by Bloomberg expect Cathay to post a net profit of HK$3.43 billion for last year, compared with HK$2.62 billion in 2013. Photo: AFP Cathay Pacific Airways, which is due to post its annual results on Wednesday, may report hefty fuel hedging losses of up to HK$14 billion because it locked in fuel prices at higher than spot prices, which then plunged 50 per cent in the second half of last year.
Tags: post
pacific
fuel
losses
Delta Air Lines posts fourth-quarter loss after fuel hedging
2015-01-20 15:09:17| Airlines - Topix.net
Delta Air Lines Inc said on Tuesday it lost $712 million last quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates. For the fourth quarter, the Atlanta-based carrier lost 86 cents per diluted share, including a $1.2 billion charge for mark-to-market adjustments on fuel hedges, which Delta had previously announced.
Daimler restructures cooperation with Tesla; termination of share-price hedging and sale of 4% stake
2014-10-24 11:55:14| Green Car Congress
Tags: of
sale
cooperation
termination
Should American Airlines Group, Inc. Return to Fuel Hedging?
2014-10-22 19:08:12| Airlines - Topix.net
For most of the past decade, hedging jet fuel costs has been a standard practice at virtually every U.S. airline. Yet the American Airlines Group management team -- CEO Doug Parker, President Scott Kirby, and CFO Derek Kerr -- have gone against the grain.
Tags: group
return
american
fuel
Asia airlines raise hedging volumes on oil price fall
2014-09-25 11:39:20| Airlines - Topix.net
Airlines in Asia are stepping up jet fuel hedge volumes after oil prices fell below $100 a barrel this month, with some locking in fuel purchases as far out as 2016, suggesting airlines see oil prices bottoming. Airlines have been cautious about fuel hedging since 2008, when several large carriers scrambled to lock in fuel needs as oil prices surged above $100 a barrel for the first time - only to see them plummet to less than $50 by year-end as a global recession hammered travel demand.