Lim, Siew Hoon; Hong, Yongtao - In: Journal of Air Transport Management 36 (2014) C, pp. 33-40
Fuel hedging is a common risk management tool used in the airline industry. But past studies have not addressed the … question of whether fuel hedging creates any benefit to airline operations. This study is the first work that empirically … examines the role of fuel hedging in reducing airlines’ operating costs. Using US airlines data from 2000 through 2012, we …