"The only reason Southwest is making money is because of a bet they made on fuel hedges, and won." Their operational model is having the same problems as the legacy carriers.
"Delta also had their fuel hedged, but in a moment of "brilliance," their CEO sold the hedge for $80M, which is what they're probably paying per week now in additional fuel costs."
"Delta also had their fuel hedged, but in a moment of "brilliance," their CEO sold the hedge for $80M, which is what they're probably paying per week now in additional fuel costs."