Bloomberg News

JetBlue Hedges 45 Percent of Fourth-Quarter Fuel Requirements

October 26, 2011

Oct. 26 (Bloomberg) -- JetBlue Airways Corp. hedged 45 percent of fourth-quarter projected fuel needs and 21 percent of estimated 2012 requirements.

The New York-based carrier expects an average fuel price, including hedges and taxes, of $3.23 a gallon in the fourth quarter and $3.19 for the full 2011 year, the company said today in a statement.

JetBlue hedged approximately 48 percent of fuel consumption in the third quarter at $3.25 a gallon, a 43 percent increase from a year earlier.

Third-quarter fuel expenses included a $4 million loss on hedges that settled that quarter, the company said.

--With assistance from Moming Zhou in New York and Mary Schlangenstein in Dallas. Editors: Dan Stets, Richard Stubbe

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus