Blog

-U.S. airlines return to fuel hedging, get burned again

At least two U.S. airlines have started hedging their fuel costs after a months-long hiatus. Southwest Airlines Co and United Continental Holdings Inc have added new hedges against a rise in oil prices just months after bets last year cost them hundreds of millions of dollars. With U.S. crude prices falling 21 percent since early June, Southwest appeared to regret the decision.