US airline financial woes deepened in the third quarter as even good news--per-barrel crude oil prices dropping significantly--was tinged with frustration: Carriers hedged fuel at prices that turned out to be much higher than actual prices as the quarter wore on, leading to big noncash charges that contributed to heavy net losses. The 10 largest passenger airlines posted a cumulative net loss of $2.52 billion, reversed from a $1.67 billion profit in the year-ago period, with only American ...

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