JET FUEL HEDGING - A COMPARISON. SOUTHWEST AIRLINE AND RYANAIR
BANGA, AMANDEEP KAUR
Cardiff Metropolitan University
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Abstract This dissertation provides a deep knowledge of jet fuel hedging. It consists of six parts. First part is the literature review that gives an overview to the complete dissertation, which have its further two sub parts explaining about the commodity market and jet fuel price; second part is about the fuel hedging, explaining the reasons and the need of performing it; third part is about the hedging strategies, giving the detailed explanation of the hedging strategies commonly used and their calculation ; fourth part explains the risks of being unhedged, providing a knowledge of the risks that are likely to be faced by the company not performing fuel hedging; fifth part performs a comparison of the two airline companies which hedge their jet fuel. This part have further three sub parts, out of which first one provides all the information about both the companies by introducing them, second one focuses only on the financial data of one company i.e. Southwest airline and the third one gives the financial data analysis of the second company i.e. Ryanair. Then the dissertation ends with the conclusion saying that the one of the way to deal with the volatile market price of the jet fuel is fuel hedging but using the hedging strategies appropriately also matters, and that is what Southwest airline do. The whole dissertation is supported by the theories made by the authors and diagrams, tables and figures.
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