Originally Posted by
HeathrowGuy
My point exactly. For the past few years, much of WN's profitability has NOT been a direct result of flying people around America because doing so on a macro scale is not, in and of itself, a money-making enterprise.
The argument that somehow the cost of buying fuel is not directly related to operating an airline is ridiculous in my opinion (you are hardly the first person on FT I've seen make this claim, so I'm not picking on you). If LUV had hedged more fuel than it bought, this argument would hold water, but they were hedging fuel they purchased to operate the airline.