Question: 10. (Hedging inputs] Exhibit 16P-1 contains extracts from the 2001 financial statements of Delta Airlines [DAL]. Exhibit 16-4 and the related discussion of AMR are

10. (Hedging inputs] Exhibit 16P-1 contains extracts from the 2001 financial statements of Delta Airlines [DAL]. Exhibit 16-4 and the related discussion of AMR are also needed to answer portions of the problem.

a. Compare Delta's fuel price hedging strategy with that of AMR. Your answer should include the amount and duration of hedging.

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