Actually LUV fuel hedges through 2012 from their annual report:Like I said before, LUV starts losing their major fuel hedges after this year. By 2010 their advantage is basically eliminated. The question is whether the rest of the industry will be in bk by then.
- 2008 over 70% at $51 per barrel;
- 2009 55% at $51 per barrel;
- 2010 30% at $63 per barrel;
- 2011 over 15% at $64 per barrel;
- 2012 over 15% at $63 per barrel.
AA767AV8TOR
AV8TOR,
Somehow, someway, LUV always finds a way...hey that rhymes! I have no doubt that, even if they post a loss, it will be microscopic compared to the rest of the industry. Even if they will be at a disadvantage, it will be a WAY smaller disadvantage then the rest of us. They just know how to manage in difficult times, unlike most other airlines.
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