Does JetBlue hedge Fuel?

[zkmayo]

We'll find out on 10/20. Most likely, there will be a loss for the next two quarters (3+4th).

JB is hedged at 22% at $30 for the rest of 2005. Nothing for 2006. Catastrophic ins was locked in at like $58-60. It was prob a smart move bc a hedge at current prices dont make sense to make such a large capital expenditure. Not much help unless fuel goes to Pluto in which case were all hosed.

 

[furloughfodder]

why hedge fuel when you only pay a 4 year captain $76 an hour???

 

[DIAMONDDD]

why hedge fuel when you only pay a 4 year captain $76 an hour???

And don't pay for your planes, and don't pay for aircraft cleaners, and don't pay for fuel, and fire every pilot after five years to keep payroll down, and don't have a pension, and don't have a union, and, and and and....what am I missing? Just wanted to lay it all out here in one post.