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Currency hedging we used to use allot when I was involved in exports, it's just foward buying of currency at a set rate usually determined by the financial controller or in bigger companies they may have dedicated currency specialists.
If they think the rate is good and could drop they will buy a chunk of currency otherwise you have to take a spot rate which could be better or worse a hedge bet so to speak.
In the Airbus case the US is dropping against the Euro and it looks like they are running short on forward buying so will have to take spot rate which now is considerably higher. In effect causing some mayhem on the bottomline of the company.
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