First Deutsche Bank, Now UBS Warns U.S. Airlines "Nearly 100% Unhedged" Against Energy Shock

First Deutsche Bank, Now UBS Warns U.S. Airlines "Nearly 100% Unhedged" Against Energy Shock Building on Deutsche Bank analyst Michael Linenberg’s warning last week that surging jet fuel prices pose an "existential threat" to airlines, analysts at UBS offered their own take on the unfolding energy shock set to unleash turbulence across the industry, noting that U.S. airlines are "nearly 100% unhedged" against jet fuel costs above $4 per gallon. "US airlines are nearly 100% unhed...

By Tyler Durden