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Old Jul 9, 2008 | 11:46 pm
  #33  
docbert
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Originally Posted by mikey1003
Gary Kelly
Chairman and CEO
Southwest Airlines Co.
Ohh the Irony...

This "speculation" forms the basis of hedging of prices, where a company is basically buying futures for a gas at a fixed price.

Southwest are currently paying a fraction of the price for fuel that everyone else it due to them hedging the price many years ago.

It is the very existence of this speculation which is what makes SouthWest such a viable airline today...
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