. While most research on fuel hedging has concentrated on the U.S. airline market, this paper is the first study to include …. Financial and operational hedging strategies serve aviation managers as a tool to counteract high and volatile fuel prices … reject the hypothesis that financial hedging decreases risk exposure. One possibility is that the decreased volatility in jet …

exposure, hedging policy, and firm value. First, we find that airline exposures to fuel prices are higher when fuel prices are …For a variety of reasons, the U.S. airline industry is a natural sample to analyze the relation between corporate risk … exposure to fuel prices, airlines tend to increase their hedging activity. Finally, we explore the previously documented jet …

technologically older, vintage capital in the airline industry. Using a panel of aircraft-level data around the world, we find that …

composition -- in the U.S. airline industry during a 22 year period surrounding the Airline Deregulation Act of 1978.Consistent …

brief history about VASP is discussed. After so many problems, VASP lost its market share and became the 4th airline of …

In our model of the deregulated airline industry, consumers care not only about price but also about service … in the airline industry. …