ATW Daily News
Southwest to save $1.4 billion on reduced fuel hedges
Tuesday January 6, 2009Southwest Airlines said it reduced its fuel hedge contracts to cover just around 10% of its estimated consumption each year through 2013. This year it expects to save approximately $1.4 billion compared to the guidance provided last summer as its economic fuel cost per gal. excluding taxes is expected to be around $1.80. Its current unhedged estimate is $1.60 per gal.
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- EC: Lufthansa's latest AAG takeover proposal 'worse'; approval by July 31 unlikely
- Air France reviewing 'every factor' that could have caused AF447 crash
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