Delta Takes $450 Million Hit On Jet Fuel | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Mon, Jul 11, 2016

Delta Takes $450 Million Hit On Jet Fuel

Prices Did Not Increase As Much As Airline Anticipated

Delta Airlines has taken a $450 million hit on fuel contracts because the price did not rise as anticipated.

CNN reports that the airline had locked in a price on fuel, a process called "hedging", that was above the market price. Delta execs expected that the price would rise above that level, resulting in savings for the carrier.

But that didn't happen. While the price did rise, it did not cross the hedge threshold, and Delta bailed on the contracts to the tune of about $450 million.

It's not the first time Delta has taken a loss on fuel speculation. CNN reports that the airline lost $2.3 billion on fuel contracts as prices fell last year, and an additional $247 million in the first quarter of this year.

FMI: www.delta.com

Advertisement

More News

NTSB Final Report: Douglas A-4K

Pilot Applied Full Aft Stick And Nose-Up Trim, But The Airplane Remained On The Runway Analysis: The pilot reported that a preflight inspection and flight control checks revealed n>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN! 1) I forgot my password. How do I find it? 1) Easy... click here and give us your e-mail address--we'll send it to you >[...]

Classic Aero-TV: PBY Catalina--From Wartime to Double Sunrise to the Long Sunset

From 2022 (YouTube Edition): Before They’re All Gone... Humankind has been messing about in airplanes for almost 120-years. In that time, thousands of aircraft representing i>[...]

ANN's Daily Aero-Term (07.01.25): Advanced Air Mobility (AAM)

Advanced Air Mobility (AAM) A transportation system that transports people and property by air between two points in the NAS using aircraft with advanced technologies, including el>[...]

ANN's Daily Aero-Linx (07.01.25)

Aero Linx: MQ-1B Predator The MQ-1B Predator is an armed, multi-mission, medium-altitude, long-endurance remotely piloted aircraft that is employed primarily as an intelligence-col>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC