Should airlines rethink fuel hedges?

[knowlimits]

http://www.popularmechanics.com/technology/engineering/4255407


Sorry, my quote was wrong, not 300 million barrels, it is an estimated 500 million barrels. I think this could help us out. It definitely has it's challenges, but this could really help us out with the price of oil. Fingers crossed.

Dude, Saudi Arabia produces over 10 million barrels of oil a day. The US consumes almost 21 million barrels of oil a day. Domestic drilling is not the answer.

Turn off Fox News and go for a walk.

 

[Tomct]

Dude, Saudi Arabia produces over 10 million barrels of oil a day. The US consumes almost 21 million barrels of oil a day. Domestic drilling is not the answer.

Turn off Fox News and go for a walk.

Uh, WHERE was Fox News in that article? Maybe you should turn off MSNBC and go for a walk you.

 

[dicko]

http://www.popularmechanics.com/technology/engineering/4255407


Sorry, my quote was wrong, not 300 million barrels, it is an estimated 500 million barrels. I think this could help us out. It definitely has it's challenges, but this could really help us out with the price of oil. Fingers crossed.

The same Popular Mechanics that prepared us for the coal powered car in 1979

 

[Tomct]

I'll take any kind of positive direction that is out there.

 

[ACL65PILOT]

Simple fact of the matter is this:
Airlines would love to have the cost of fuel be added as a surcharge after the base fair. Problem is that, in the domestic market, this is illegal. I do know that a few airline CEO's are pushing for the law to change and rightfully so. We are the only industry with this hindrance.

The reality is that a surcharge would take the competitive advantages away from hedging, and make fuel a pass through costs, as it should be, and as it is in every other industry in the country.