momalley81
Done spillt mah beer...
- Joined
- Sep 24, 2002
- Posts
- 256
All I've got to say is: TOLD YOU, TOLD YOU, TOLD YOU.
SW wasn't able to make money in this environment without their hedges. Their own CEO has said this many times over the past year so this should come as no surprise to anyone but the most cultic SW employees.
You didn't tell us anything.
SWA made an operating profit of $69 million.
Because the hedges are worth less now (about half)than they were about 3-4 months ago a charge was incurred.
This has nothing to do with SW not being able to make money in this environment without their hedges. How you came up with that is beyond me.