American Airlines
Enthusiasm for hedging wanes among US airlines
Low volatility and industry consolidation reduce need to hedge
WTI-Brent spread volatility disrupts hedging programmes
WTI-Brent spread volatility disrupts hedging programmes
Including global airlines in EU emissions scheme is legal, says EU court
Preliminary opinion of advocate-general says that US and Asian airlines cannot opt out of EU emissions trading next year
Airlines use aircraft as alternative to cash in margin calls
Airlines with fleets of unencumbered aircraft are starting to use them instead of cash as collateral required for large margin calls in derivatives trades, such as fuel hedges.