Alaska Air Hedged 50% of Jet Fuel Needs for 2012, Filing Shows

Alaska Air Group Inc. hedged 50 percent of its jet fuel needs for this year, according to a company filing.

The parent company of Alaska Airlines has cover at the equivalent of $100 a barrel of crude for this year, according to a March 13 filing with the Securities and Exchange Commission posted on its website.

Hedging allows airlines to agree on prices for future fuel needs and is intended to help guard against cost fluctuations.

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