American Airlines and Allegiant Air each had something to crow about when announcing their 2014 financial results and providing guidance for 2015. The US carriers—a global full-service giant and a leisure-oriented domestic operator—have little in common, but they do share one commonality that is currently paying off: Both airlines’ executive management teams are philosophically opposed to fuel hedging. As a result, American and Allegiant are fully benefitting from the ...

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