Originally Posted by
Delta1067
I'll have to reread the release. I thought we made a profit on the fuel hedges as well.
"$82 Million – The amount Delta reduced its fuel expense during Q3 as a result of fuel management initiatives, including $63 million in hedge gains and a $19 million profit at Delta’s Monroe Energy refinery subsidiary. The airline expects hedges and the refinery to reduce its overall fuel cost by $200 million for the entire year."
A Trefis report anticipated that Delta will incur $350 million in charges this quarter from fuel hedge settlements. Southwest Airlines (
LUV.N) said in an interview earlier this month that it is hedging less, though still actively managing fuel costs.