That is quite a lot to subtract. I think that WN's fuel hedge advantage was and is a fundamental part of their strategy. To say that WN wouldn't be profitable if they weren't so good at managing one of their largest expenses is like saying Wal-Mart wouldn't be profitable if they weren't so good at logistics. The domestic airline industry is a low margin business. Successful control of expenses, be it fleet simplification or fuel hedging or labor costs, is the key to being profitable.