United Continental Hedged 44 Percent of Jet Fuel Needs for 2011
By Rachel Graham -
2011-03-25T09:25:37Z
United Continental Holdings Inc. (UAL), the world’s largest airline, said it hedged 44 percent of its expected jet fuel needs for this year.
“Right now we’re a little less than 50 percent hedged for 2011, I think 44 percent is the number,” John Rainey, senior vice president financial planning and analysis, said yesterday, according to the transcript of a conference call on Bloomberg.
To contact the reporter on this story: Rachel Graham in London rgraham13@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
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