Project's Submission Cherist Delure your di SUUNISSIUN. Discussion - Airline Industry and Fuel Derivatives Discussion Topic Some airlines, like Southwest Airlines, manage their future costs by implementing very active hedging strategy (fuel derivatives, options to buy aircraft), while others don't. Why do firms like Southwest hedge? What are the costs and benefits of hedging? Please be aware that when oil prices go down, this strategy become very costly, as Southwest saw in 2009 (Forbes article) and i late 2014 (Reuters). Please read this article (Fuel Hedging by Carter, Rogers, Simkins, Financial Management 2006) fe some interesting thoughts on the topic. Discussion - Flexibility and Venture Capital Discussion Topic There are several academic studies of how Venture Capitalists add value to their portfolio companies