Modern airlines are really transportation system, and part financial trading firm. And sometimes they’re more of the latter than the former. Since fuel is a huge part of the cost structure of an airline, and one that’s highly variable, one can make the case for locking in a price. But that’s another way of saying […]
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from View from the Wing http://viewfromthewing.boardingarea.com/2015/01/16/airlines-are-really-financial-trading-firms/