Southwest adjust fuel hedges at oil goes below $60

Dino D'Amore
By Dino D'Amore December 15, 2014 22:10

Southwest adjust fuel hedges at oil goes below $60

Southwest Airlines has announced that it is adjusting its fuel hedges to protect itself against future swings in jet-fuel costs. Chief Executive Officer Gary Kelly stated that the decline in the oil price means that it will $1 billion in 2015, even after accounting for losses on contracts pegged to higher prices. Southwest has hedged its fuel needs hedged through 2018.

Dino D'Amore
By Dino D'Amore December 15, 2014 22:10