Tourism Industry News
Airlines focus on fuel hedging as price inches up
Top U.S. and European airlines, groping for a toehold on recovery amid economic downturns, are adjusting their fuel-hedge strategies to control that huge expense, which has been climbing higher.
It's a tricky business for the troubled industry, whose top costs are labor and fuel. While labor costs are largely fixed and predictable, volatile fuel prices track crude oil , which has traded in a $100 range since last summer.
Even when fuel prices are falling, they can still be detrimental to carriers, who can lose money on useless hedges.
Get the full story at: Reuters
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