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.
To contact the reporter on this story: Rachel Graham in London at email@example.com
To contact the editor responsible for this story: Stephen Voss at firstname.lastname@example.org