- Aug 24, 2002
- Total Time
- A lot
Whoops. Lee is wrong once again. Like candy from a SKY dispatcher.
"But fuel, the airline's biggest single expense, jumped 29 percent to $2.95 billion. Delta recorded $347 million in charges for adjustments to fuel-hedging ? those are contracts to protect against big spikes in fuel prices, but they can backfire if oil prices fall."
Was the above for Q3? Oil has dropped huge amounts in the last 2 weeks. DL is not 100% hedged. Sooooooo, I'm thinking a drop in overall fuel WILL help, a lot. Wrong Juany, wrong.
Bye Bye---General Lee