Asia Pacific the star performer as IAG Cargo reports strong third quarter
IAG Cargo enjoyed a 4.3% rise in revenue over the first nine months of this ...
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By Alex Lennane
It may have been a bold move but American Airlines’ decision not to hedge fuel prices was the right one – and the carrier enjoyed a strong net profit last year. (Compare and contrast with Delta, which faced a $1.2bn charge in the fourth quarter relating to adjustments to its fuel hedging, which prevented it from enjoying the falling fuel price and giving it a $712m net loss in its fourth quarter) AA says it will continue not to hedge, despite low prices and is still planning with high fuel prices in mind.
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