Essays about: "Jet fuel hedging"

Found 3 essays containing the words Jet fuel hedging.

1. 1. Oil exposure, hedging and firm value : A quantitative study on the U.S. airline industry

   University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

   Author : Sam Bigdeli; Petra Marcusson; [2018]
   Keywords : Finance; hedging; jet fuel; oil exposure; airline industry;

   Abstract : This thesis examines the impact of oil price fluctuations and jet fuel hedging on firm value before, during and after the subprime crisis. Four regressions are estimated with two different variables representing firm value; market return and market valuation. READ MORE

3. 2. Commodity Risk Management in The Airline Industry : A study from Europe

   University essay from Högskolan i Jönköping/IHH, Företagsekonomi

   Author : Jonathan Havik; Emil Stendahl; Andreas Soteriou; [2016]
   Keywords : Airlines; Europe; Systematic risk; Hedging; Oil prices; Oil price volatility; Jet fuel hedging;

   Abstract : The airline industry is a major user of jet fuel and this constitutes a large component of the operating costs and is a risk coefficient for airlines. Several studies have been conducted on how oil price volatility affect stock prices and cash flows as well as how, in general, firms that uses derivatives experience lower stock returns volatility and stock s . READ MORE

4. 3. A Crude Awakening: Hedging Exposure in the Global Airline Industry

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Isabella Ross; Johan Ytterfors; [2016]
   Keywords : risk management; airline industry; financial hedging; operational hedging; operational efficiency;

   Abstract : The fear of high prices and volatility in the price of jet fuel, provides strong justification for airlines to hedge their risk as a means of migrating their exposure to price fluctuations. We determine the effectiveness of financial and operational hedging among European and U.S. airlines. READ MORE