The economic value rationale of fuel hedging: An empirical perspective from the global airline industry

E. Samunderu, J.K. Perret and G. Geller

Journal of Air Transport Management, 2023, vol. 106, issue C

Abstract: The airline industry continues to face external shocks such as oil spikes which continue to put downward pressure on an airline’s operating model and fuel prices remains the industry’s wild card. Due to the cyclicality nature of the industry, risk of commodity price (oil) exposure significantly impacts the airlines’ performance outcomes.

Keywords: Fuel hedging; Global airline market; Firm value; Panel data; Econometrics; Global energy market (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:106:y:2023:i:c:s0969699722001430

DOI: 10.1016/j.jairtraman.2022.102324

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