|
|
|
Position as of December 31, 2017 |
|
|||||||
|
|
|
Jet fuel Asian call option contracts maturities |
|
|||||||
|
|
|
1 Half 2018 |
|
2 Half 2018 |
|
2018 Total |
|
|||
|
Jet fuel risk |
|
|
|
|
|
|
|
|||
|
Notional volume in gallons (thousands)* |
|
69,518 |
|
61,863 |
|
131,381 |
|
|||
|
Strike price agreed rate per gallon (U.S. dollars)** |
|
US$ |
1.6861 |
|
US$ |
1.8106 |
|
US$ |
1.7447 |
|
|
Approximate percentage of hedge (of expected consumption value) |
|
60 |
% |
50 |
% |
55 |
% |
|||
* US Gulf Coast Jet 54 as underlying asset
** Weighted average
|
|
|
Position as of December 31, 2016 |
|
||||||||||||||||
|
|
|
Jet fuel Asian call option contracts maturities |
|
||||||||||||||||
|
|
|
1 Half 2017 |
|
2 Half 2017 |
|
2017 Total |
|
1 Half 2018 |
|
3Q 2018 |
|
2018 Total |
|
||||||
|
Jet fuel risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Notional volume in gallons (thousands)* |
|
55,436 |
|
63,362 |
|
118,798 |
|
62,492 |
|
7,746 |
|
70,238 |
|
||||||
|
Strike price agreed rate per gallon (U.S. dollars)** |
|
US$ |
1.6245 |
|
US$ |
1.4182 |
|
US$ |
1.5145 |
|
US$ |
1.6508 |
|
US$ |
1.5450 |
|
US$ |
1.6392 |
|
|
Approximate percentage of hedge (of expected consumption value) |
|
51 |
% |
53 |
% |
52 |
% |
45 |
% |
10 |
% |
24 |
% |
||||||
* US Gulf Coast Jet 54 as underlying asset
** Weighted average