. 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 …

's cash-flows. This paper presents a case study approach demonstrating the hedging strategy employed by an international air … nonlinear hedging instruments by providing an in-depth analysis of the firm's hedging policy and its derivative usage. Using the …-tune its current hedging portfolio by adding tailored exotic options. Specifically, we develop an annual average-price option …

The paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a … investigate the long-term equilibrium relationship between airline companies' stock prices, oil price risk, financial market … contribution, the paper analyses the prospects and challenges of the airline industry in dealing with oil price risk in the post …