Politics & Government

August 17, 2011

How financial speculation in oil prices ruins airline profits

Although planes take off and land round-the-clock at this city's bustling airfield, Paul Jacobson isn't focused on flying, but rather on how much it costs to fly. As the senior vice president of finance for Delta Air Lines Inc., he must navigate volatile fuel costs, which he thinks that oil speculators are driving to punishing levels.

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