Originally Posted by
featheroleather
Jumping in on the WN hege advantage: Am I naive to think that if WN didn't hedge at @ $58.00 bbl and instead hedged at @ $68.00 or $78.00 they would have priced their product differently?
Of course they would have.
But they hedged at $58. That's really all there is to it.
Also, anybody with enough cash could hedge along with WN.
Of course, you have to have the liquidity...
But WN didn't just luck out on their hedge, it's something they've been doing very well for a very long time.
Instead of whining, the other carriers should try to learn something about fuel costs from LUV...