So you're saying they're obliged to draw from the hedging contract, can't buy on market without breach, sorry I don't know exactly? If so, Mogul is correct they'll be shafted by the mark to market difference which is already quite a large percent price above market price - and going lower by the look of it.
Still, they will require a lot less fuel at the current rate of cancelled flights. Will they have a minimum 'take' on the hedge contracts as well, furthering the pain, or is it discretionary?