GL credibility in question

[pave driver]

GL,

All your posts regarding increased profit sharing due to a decrease in fuel costs are erroneous. Delta loses money with current fuel hedges. Surely you don't just post opinions as facts - do you?

Delta - "Galactically stupid on fuel hedging!"

http://fortune.com/2014/06/02/secret-club-kate-kelly/

"Delta earlier in October, the carrier indicated that it will incur another $350 million in special charges in the third quarter due to a negative impact from fuel hedge settlements."

http://www.forbes.com/sites/greatspe...g-performance/

One-time items for Delta Airlines - Bad fuel hedges costs DAL 1/3 of a billion dollars in the 3rd quarter on 2014.

http://hosted2.ap.org/APDEFAULT/f704...b4225c91e9ea1b

When fuel costs drop, Delta Airlines and United Airlines lose millions!!! AAG does NOT hedge.

 

[HowardBorden]

Hedging has always been a "gamble" of sorts. If you are significantly hedged and fuel prices do not rise you will show losses on your gamble. Of course that's the simplistic synopsis. In the end hedging mitigates exposure to potentially volatile cost swings in fuel and allows an organization to "fix" fuel costs.

Sooner or later hedging will show some losses. Companies that are intelligent about hedging will come out ahead in the long run.

Recently Southwest has also showed significant losses due to hedging. The losses have been a drop in the bucket when compared to the multiple billions saved on successful hedges. Delta is mitigating the risk of volatile swings in fuel costs by hedging. A dust up in the Middle East could easily send fuel prices skyrocketing and then Delta will be considered geniuses for their hedging strategy.

 

[Freebrd]

Popping some corn, this should be entertaining.

 

[pave driver]

Hedging has always been a "gamble" of sorts. If you are significantly hedged and fuel prices do not rise you will show losses on your gamble. Of course that's the simplistic synopsis. In the end hedging mitigates exposure to potentially volatile cost swings in fuel and allows an organization to "fix" fuel costs.

Sooner or later hedging will show some losses. Companies that are intelligent about hedging will come out ahead in the long run.

Recently Southwest has also showed significant losses due to hedging. The losses have been a drop in the bucket when compared to the multiple billions saved on successful hedges. Delta is mitigating the risk of volatile swings in fuel costs by hedging. A dust up in the Middle East could easily send fuel prices skyrocketing and then Delta will be considered geniuses for their hedging strategy.

Fuel hedging by definition, is gambling. The house always wins!

http://fortune.com/2014/06/02/secret-club-kate-kelly/

 

[nwaf16dude]

Two of your links are bad, and the other links to a story about events from 2012.

Here's some more current info. I think we're in pretty good shape, and I'm looking forward to feb's profit sharing check.

http://ir.delta.com/files/doc_prese...Airline-Conference-2014-11-06_v001_p1x30z.pdf

 

[pave driver]

Two of your links are bad, and the other links to a story about events from 2012.

Here's some more current info. I think we're in pretty good shape, and I'm looking forward to feb's profit sharing check.

http://ir.delta.com/files/doc_prese...Airline-Conference-2014-11-06_v001_p1x30z.pdf

A report of DAL fuel hedging from June 2, 2014 is NOT relevant? Uh... I think it is. Enjoy your Valentine's Day check and the peak at DAL, it won't last long.

 

[pave driver]

DAL - $1.1 billion hedge loss from “buy and hold” strategy. Nice job Delta!

 

[pave driver]

"Additionally, in an investor update filed by Delta earlier in October, the carrier indicated that it will incur another $350 million in special charges in the third quarter due to a negative impact from fuel hedge settlements."

http://www.forbes.com/sites/greatsp...-charges-despite-solid-operating-performance/

 

[jonjuan]

Fuel hedging by definition, is gambling. The house always wins!

http://fortune.com/2014/06/02/secret-club-kate-kelly/

So is buying insurance and playing the stock market. Heck, most would agree that becoming a pilot is by definition, gambling.

 

[pave driver]

So is buying insurance and playing the stock market. Heck, most would agree that becoming a pilot is by definition, gambling.

True, although careful research, planning, and preparation in building a resume is akin to, "the harder you work, the luckier you get."