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