Some airlines and other heavy users of distillate fuels such as Jet Fuel, Heating Oil, and Diesel fuel, use fuel price hedging programs only as defensive measures as "insurance" against a catastrophic increase in prices. That's only half the story. Their Fuel Hedging Departments should be Profit Centers in their own right, their Mission in life being to come as close as possible to the ultimate Target: a Net Fuel Cost of Zero.
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