Alaska Airlines on Tuesday joined United Airlines in warning that fuel hedges could lead to quarterly losses. "As a result of the significant decline in crude oil prices since the end of the second quarter, we expect to record approximately $220 million in mark-to-market loss on the value of our fuel hedge portfolio," the company said in an SEC filing. Industry watchers say other airlines could report similar losses from hedging activities, though Southwest Airlines already has said it expects any impact to be minimal.

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