Search results
Results From The WOW.Com Content Network
Southwest's aggressive fuel hedging has helped the airline partially avoid financial consequences caused by airline industry downturns (e.g., the downturn caused by the 2000s energy crisis). Between 1999 and 2008, Southwest saved more than $4 billion through fuel hedging under the strategic leadership of former CFO Kelly (who became CEO in 2004 ...
By hedging, airlines restrain their profit growth when fuel prices drop while mitigating the drag of fuel price increases. Airline executives look better to shareholders in the short-run if they ...
The surge in crude oil prices in the last decade has made jet fuel the biggest expense for airlines. Oil prices tend to be volatile, and so many airlines have adopted fuel hedging practices in ...
[3] [14] [15] She is commonly referred to as the airline industry's "Queen of Hearts" for her focus on corporate values and service. [9] [13] [16] During her time in leadership she made an effort to personally respond to correspondence from every customer who wrote to the company. [10] [17] She also contributed to the airline's fuel hedging ...
While that might seem low, those accepted routes helped reduce Alaska Airlines' fuel consumption by more than 1.2 million gallons in 2023, according to the airline's annual sustainability report.
Several low-cost carriers such as Southwest Airlines adopt this practice. Southwest is credited with maintaining strong business profits between 1999 and the early 2000s due to its fuel hedging policy. Many other airlines are replicating Southwest's hedging policy to control their fuel costs. [76]
Singapore Airlines Ltd on Thursday reported its first-ever annual loss, citing poor fuel hedging bets and the collapse in demand driven by the coronavirus pandemic, and said the timing of any ...
The airline was planning to test-market a new seatback entertainment system in early 2008, however, the 2008 fuel crisis ended those plans. As a further result of the skyrocketing fuel costs, the airline rolled back the planned summer 2007 service upgrades as well as ending its existing in-flight entertainment on all domestic routes. [54]