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Proposed Derivatives Regulations May Adversely Impact an Already Turbulent Jet Fuel Hedging Market

February 25, 2009
Ian Cuillerier, Someera F. Khokhar

DOWNLOAD PDF: Proposed Derivatives Regulations May Adversely Impact an Already Turbulent Jet Fuel Hedging Market

Declining oil prices have left global and domestic airlines who hedged oil at prices that turned out to be higher than prevailing market prices with billions of dollars in losses. Despite the need for hedging within the industry to cope with volatile energy prices, regulatory initiatives proposed by the US Congress and the US Commodity Futures Trading Commission aimed at the derivatives market threaten to adversely impact an already turbulent jet fuel hedging market by making such hedging more burdensome, costly and difficult for airlines to obtain. Read here for details on the regulatory initiatives and their potential impact.

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