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None of the legacy carriers had the cash to risk at the time that SWA started hedging, and Southwest did. Worked out well for them. HAL will be between a rock and a hard place now. Do you hope that the cost of jet fuel drops drastically, or remains well above the price we hedged at?
Dan Roman said:The silence of late from the rumor mill is deafening.
Erndogg said:At 1.60 a gallon with 40% of our fuel for 2005 is a pretty good bet right now if you ask me.
As for next year-time will tell. I bet other carriers would like to have 40% of their fuel hedged right now.
mdanno808 said:Wonder what avgas is up to.
HAL said:My next door neighbor is one of my former students - and is now looking to buy a new Cirrus. He said the flight school (in the Seattle area) he's currently at charges $4.35 for a gallon of 100LL. He said it is making him consider not making the purchase.
Ouch.
HAL