Advert raises questions about US Airways' stance on fuel hedging
US Airways, which has stood out from the rest of the airline industry in recent years because of its refusal to hedge fuel costs, wants to hire someone to run a fuel hedging programme. The airline denies that it is reversing its stance on fuel hedging, but some observers think otherwise
The employment section of the US Airways website recently posted an advertisement for a financial manager whose job would be to "manage staff and all processes related to fuel hedging, including preparation of board materials, public disclosures, and hedge committee materials and analyses".
Once hired, the manager must "calculate, approve and monitor collateral requirements related to [the] hedging programme", the advert says. Only candidates with a "solid understanding of derivative products"
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