Posted AT 9:00 PM EST on 02/12/08
Air Canada fuel hedges backfire as oil drops
As oil prices surged to a record $147 (U.S.) a barrel in July, Air Canada's fuel hedging contracts took away much of the sting and the airline handily withstood fuel shocks.
Less than five months later, the contracts are weighing down the country's largest carrier, preventing it from taking full advantage of oil prices that have tumbled 68 per cent to less than $47 a barrel.
The full text of this article has 625 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
