Airline companies often engage in jet fuel hedging. The notes to the financialstatements section of the annual report, generally provides additionalinformation about the hedging activities of a company. Obtain the most recentannual report of an airline company which hedges its jet fuel requirements.Prepare a report (maximum 1200 words) to evaluate the instruments used tomitigate the risk of rising fuel costs, and discuss the impact of jet fuel hedgingon the financial statements of the airline company. (20 marks)
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