In the Sunday Business section of yesterday's The New York Times, Laura Wright, the CFO of Southwest Airlines, was quoted as saying, "to call this extreme volatility might be an understatement." She was, of course, referring to the price of oil which has indeed fluctuated quite a bit between $74 and under $60 in recent weeks.
The highly-regarded U.S. carrier has been trying to insure itself from such volatility by purchasing long-term oil contracts -- yes, futures!
Even as the price of oil and gas might indeed be baffling governments officials and policy analysts, I thought that our latest web-based course, Introduction to the Aviation Fuels Market (IAFM), released last Friday, might be of interest to those of you who seek a solid understanding of how the aviation fuels market works.
Check it out before you jet off to your next destination.
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