FatesPawn
HVAC Commander
- Joined
- Feb 1, 2003
- Posts
- 237
Interesting stat:
Since 1998, it has saved $3.5 billion over what it would have spent if it had paid the industry's average price for jet fuel. That's equal to about 83% of the company's profits over the last 9½ years.
That's exactly what our senior management tells us every day. We just wouldn't be making money without our hedges :shaking head solemnly:
Interesting fact:
If we didn't buy hedges, we would have used the $$ to INVEST in some other aspect of our airline - to make more money - not just stick the $$ under our pillow.
If fuel stagnated or went down, we would have looked silly for not buying more airplanes.
-fate