NO.PZ2020021002000047
问题如下:
There is an agreement among expers that all airlines ought to be hedging their jet fuel price risk.
选项:
A.True
False
解释:
False, most airlines hedge some of their price risk, but some prefer to retain it all. The naysayers cite the expense of hedging programs and fear that they will lock in jet fuel prices at a high point in the market, just before a steep price fall.
中文解析:
本题选B。有一部分航空公司选择对冲原油价格风险,另外一部分公司不对冲风险。不对冲原油价格风险的公司认为,完全对冲风险可能会使得公司把原油价格锁定在高位,这是不利于公司的利润的。
比如卡塔尔航空可能不对冲,是因为它总能拿到低成本的原油
而完全对冲把价格锁定在高位这种操作是属于对冲失败,属于交易部门的能力不行,不应该是不进行对冲的理由。