. 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 …

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

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

1999, an intriguing series of events occurred that dramatically reshaped the Canadian airline industry. This clinical study …

This paper investigates the fuel hedging behavior of firms in the US airline industry during 1994-2000 to examine … whether such hedging is a source of value for these companies. The investment climate in the airline industry conforms well to … show that jet fuel hedging is positively related to airline firm value. The coefficients on hedging indicator variables in …

In 1999, an intriguing series of events occurred that dramatically reshaped the Canadian airline industry. This …

relationship for the airline industry. Using bond ratings to proxy for financial health and airline mishaps to measure safety, we … airlines with lower quality ratings. On average, an airline with an investment grade bond rating has a 25% lower probability of … a mishap than an airline with a below investment grade bond rating. The findings imply that the Federal Aviation …

We examine the relationship between financial health and product safety in the airline industry. Theoretical models …-taking behavior by such firms. We document support for this prediction. Our empirical model, which uses mishaps to proxy for airline … presence of other variables that could affect the number of airline mishaps …