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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.

Tags: price fall asia oil

 

Red Rock Biofuels lands contracts with Southwest Airlines, feds

2014-09-25 03:59:32| Airlines - Topix.net

Fort Collins-based Red Rock Biofuels LLC has had a very, very good week - with news on Wednesday that the company has signed a deal to supply Southwest Airlines with about 3 million gallons per year of "low carbon renewable jet fuel." The Southwest Airlines deal came days after Red Rock was chosen Sept.

Tags: red rock contracts lands

 
 

Southwest Airlines signs purchase agreement with Red Rock Biofuels for renewable jet fuel from forest residues; ~3M gallons per year

2014-09-24 23:30:38| Green Car Congress

Tags: year per red rock

 

Frontier Airlines to drop Santa Barbara service

2014-09-24 08:15:35| Airlines - Topix.net

Frontier airplanes at Denver International Airport. Starting in January, the airline is dropping service to Santa Barbara through at least May 2015.

Tags: service santa drop barbara

 

Connecticut couple sues airlines in abduction case

2014-09-24 00:34:58| Airlines - Topix.net

A Connecticut couple is suing US Airways and an affiliate for allowing a California man now charged with kidnapping to fly their 14-year-old daughter to Sacramento last year. The Hamden, Connecticut, couple is accusing Arizona-based US Airways and affiliate Piedmont Airlines of negligence and infliction of emotional distress.

Tags: case couple connecticut airlines

 

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