Analysis
What Delta's numbers on Wednesday will tell us about the fuel crisis
Delta reports first quarter earnings on Wednesday at 6.30am Eastern. The headline revenue and EPS figures will receive the usual attention.
News
Ryanair is winning the fuel crisis. It may not last
Ryanair entered the Iran war with 84% of its fuel hedged at $77 per barrel. Spot prices are now above $190. The competitive advantage is real. O'Leary's warning this week about May supply disruptions, however, suggests the crisis is moving into territory that no hedging contract reaches.
Analysis
Jet fuel has doubled. The reckoning is just beginning
Jet fuel has more than doubled since February. European carriers entered the crisis better hedged than most. But a structural flaw in how airlines hedge is leaving many more exposed than they realise — and Delta's earnings on April 9 will be the first real test of who is protected and who is not.