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To Hedge or Not to Hedge

posted by Stephen Lubben

Much is being made of American Airlines' "bold" decision to avoid hedging its fuel costs.

I fully believe that corporations engage in way too much hedging, mostly to the benefit of big financial institutions. But let's be clear, a just out of bankruptcy counterparty is not going to be doing a lot of swaps deals anyway.

January 29, 2015 at 1:31 PM in Corporate Bankruptcy

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