Topic: The Use of Derivatives in the Airline Industry during the Pandemic Overview: The purpose of this assessment is to evaluate the students' ability to understand and analyse the use of derivatives in the airline industry during COVID-19. Derivatives are commonly used by the airline industry to reduce exposure to risks. Airline industry has been heavily impacted by COVID-19 in particular in the beginning of the pandemic. Your task is to discuss (1) the use of derivatives by the airline industry (2) how the use of derivatives has improved/hurt the profitability of the airline companies during pandemic. It may be helpful to draw various sources of information (cases, data, etc) and focus on one company to support your arguments. The expectation here is for you to explore more deeply rather than merely summarizing facts. For example, presenters can relate your discussion to our course material and analyse the implementation of different derivatives or hedging strategies.