Tuesday, June 26, 2012

HEDGING GONE WRONG, FALLING OIL HURTS AIRLINES!!

http://finance.yahoo.com/news/hedges-bust-airlines-hit-crude-194422293.html
"Delta Air Lines, which Tuesday morning announced that busted fuel hedges had resulted in a $155 million second-quarter loss, became the first in what could be a series of major carriers to take pain from an unexpected plunge in crude prices."

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