Airlines Are Really Financial Trading Firms Taking Big Risks in Commodities Markets

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    Modern airlines are really transportation system, and part financial trading firm. And sometimes they’re more of the latter than the former. Since fuel is a huge part of the cost structure of an airline, and one that’s highly variable, one can make the case for locking in a price. But that’s another way of saying […] The post Airlines Are Really Financial Trading Firms Taking Big Risks in Commodities Markets appeared first on View from the Wing.

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