World News Insights
1-3 Minute Gist

All Topics Article

United, Citing Fuel Hedging, Lost $779 Million in Quarter

New York Times Original article ›

Keywords:

LyrArc Article Gist
United Airlines incurred a loss of $779 million in the third quarter of 2008 largely because of a$519 million charge to reflect the declining value of its hedging contracts for jet fuel. SOuthwest said it lost $120 million, its first loss in 17 years, because of its own charge of $189 million for hedging contracts declining value. Without htis Southwest would have earned $69 million.

Hedging in the Airlines industry.

04/22/2008

Hedging to protect against volatile price increases for fuel.

Grouped Articles

Fuel Prices Weigh on Airlines

Wall Street Journal 04/22/2008

Why Rivals Don't Copy Southwest's Hedging

Wall Street Journal 05/28/2008

High Fuel Costs Are Squeezing Low Air Fares

New York Times 06/20/2008

Fuel Hedges Cloud Airline Results

Wall Street Journal 10/17/2008

United, Citing Fuel Hedging, Lost $779 Million in Quarter

New York Times 10/22/2008

Hedging Bites Cathay Pacific

Wall Street Journal 03/11/2009

Southwest Airlines hedging contracts for jet fuel and oil prices

11/08/2007

Grouped Articles

Hedging Bites Cathay Pacific

Wall Street Journal 03/11/2009

As Energy Prices Soar, U.S. Industries Collide

Wall Street Journal 11/08/2007

Why Rivals Don't Copy Southwest's Hedging

Wall Street Journal 05/28/2008

High Fuel Costs Are Squeezing Low Air Fares

New York Times 06/20/2008

United, Citing Fuel Hedging, Lost $779 Million in Quarter

New York Times 10/22/2008

Airlines Are Driven to Nickel and Dime

Wall Street Journal 10/05/2011


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us