Delta CEO Admits To $4 Billion Lost In Hedging Fuel Costs

Delta Airlines’ new CEO Ed Bastian admits glibly “We’ve lost over the last eight years about $4 billion cumulatively on oil hedges” in a recent Bloomberg interview. When asked if he would consider hedging, or locking in oil prices in the future, he states “I don’t get paid to make […]

Source Of the Article: http://www.forbes.com/sites/uhenergy/2016/06/02/delta-ceo-admits-to-4-billion-lost-in-hedging-fuel-costs/

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