The entire airline space today was getting whacked in early trading. Delta was down over 10%, United was down roughly 9%, and American was down over 20% after cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 last two announced weak earnings with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 major culprits given were a sharp drop in capacity and load factors on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 revenue side, and bad fuel hedging on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 cost side. American is being punished cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 most as it noted it still has 45% of its Q1 fuel hedged at $2.58/gallon or $108/barrel. United on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r hand stated that it's mark-to-market loss on fuel hedges gone wrong is $566 million, and that its hedging counterparties held $965 million in cash deposits.
Tomorrow we will see how cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 two biggest hedgers in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 space, Southwest and JetBlue, performed in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 fourth quarter, when cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y both announce results before market, and both have a conference call at 11:30 am. As
we noted previously, we are concerned mostly about Southwest which we think may be punished for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir prior significant hedging position.
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