United Continental Hedged 44 Percent of Jet Fuel Needs for 2011
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.
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