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The economic value rationale of fuel hedging: An empirical perspective from the global airline industry

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  • Samunderu, E.
  • Perret, J.K.
  • Geller, G.

Abstract

The airline industry continues to face external shocks such as oil spikes which continue to put downward pressure on an airline’s operating model and fuel prices remains the industry’s wild card. Due to the cyclicality nature of the industry, risk of commodity price (oil) exposure significantly impacts the airlines’ performance outcomes.

Suggested Citation

  • Samunderu, E. & Perret, J.K. & Geller, G., 2023. "The economic value rationale of fuel hedging: An empirical perspective from the global airline industry," Journal of Air Transport Management, Elsevier, vol. 106(C).
    • Handle: RePEc:eee:jaitra:v:106:y:2023:i:c:s0969699722001430
    DOI: 10.1016/j.jairtraman.2022.102324
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