Airline CFO: Hedging Saved Us $400 Million - CNBC

Airline CFO: Hedging Saved Us $400 Million - CNBC:"Alaska Air begins to hedge about three years in advance. Each quarter, the company adds an incremental amount to that position (usually an extra 5 to 7 percent of its future consumption) until it hits 50 percent. It’s a strategy that is constant, regardless of volatility in the energy market.“Our program is really designed to be price agnostic.