Anticipating "soft energy prices," airlines curtail hedging

02/2/2009 | Wall Street Journal, The

Even after falling 70% from last summer's highs, oil prices continue to roil the airline industry. In the last quarter, "airlines had to hand over mountains of cash" as collateral on their hedging contracts, according to The Wall Street Journal. With stock prices dropping sharply in response, many airlines have curtailed their hedging efforts, leaving themselves open to the vagaries of the market.

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