Originally Posted by
Coronado
From my seekingalpha email this morning---oof!
• Among airlines, American (NASDAQ:AAL) should not suffer the cost headwinds related to mark-to-market hedge losses, unlike peers that hedge jet fuel; Delta (NYSE
AL) can expect a $2B hedge-related loss, Southwest (NYSE:LUV) should see a $500M loss and United (NYSE:UAL) a $200M loss.
Yeah, but this isn't $2B off the profits, right? It's that accounting funny money that's just "written off" and I just nod my head like I understand what just happened.