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
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