American Airlines has revealed that it has sold off all its remaining fuel hedge contracts. This is in line with AA Group partner US Airways’ aversion to fuel hedging, which it considers to be too costly for the protections they provide. American will record a $330 million non-cash charge from cancelling its hedge contracts. In a statement, the airline said: “The company expects to record a special non-cash tax charge of approximately $330 million in the second quarter of 2014. This non-cash tax provision was recorded in Other Comprehensive Income (“OCI”), a subset of stockholders’ equity, principally in 2009. This

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