Hedging with commodity derivatives in the airline industry: the case of American Airlines

Catrambone, Giuseppe (A.A. 2019/2020) Hedging with commodity derivatives in the airline industry: the case of American Airlines. Tesi di Laurea in Asset pricing, Luiss Guido Carli, relatore Paolo Porchia, pp. 90. [Master's Degree Thesis]

Full text for this thesis not available from the repository.


The energy market. Evolution and current situation. The energy markets. The structure of the derivative markets. The Italian market for energy derivatives. Derivative instruments. Commodity risk. Derivatives. Pricing techniques. Use of futures. Regulation. Functions. The use for hedging. Choice of futures contract. Rolling hedge application in airline industry: case of American Airlines. Which futures contract is best to hedge against jet fuel price? Application of rolling hedge strategy. What are the risks associated with the roll-over of futures contracts? Implementation of the strategy on a real case: American Airlines Group.


Bibliografia: pp. 70-73. Sitografia: p. 74.

Thesis Type: Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair: Asset pricing
Thesis Supervisor: Porchia, Paolo
Thesis Co-Supervisor: Torrisi, Alfio
Academic Year: 2019/2020
Session: Autumn
Deposited by: Alessandro Perfetti
Date Deposited: 04 May 2021 11:05
Last Modified: 04 May 2021 11:05
URI: https://tesi.luiss.it/id/eprint/29300


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