Originally Posted by
EWR764
This is laughable. One of the more absurd posts I've seen on FT.
CO's "gamble" in fuel hedges came in mid-08 when fuel prices were at their highest, and even then, they limited their hedging going into 2009. They gambled and lost, yes, but they are reasonably well positioned through the rest of the year in that they will be paying market rates for fuel, still substantially lower than 2008. Comparatively, they hedged better than other carriers, specifically DL.
While it is conceivable that CO's stock could dip below it's 52-week low in the near future, it's because of the industry-wide demand collapse and CO's exposure to the swine flu-stricken Mexico market. Even if that happens, Continental will not be looking for a new leader any time soon.
I suppose you were one of the guys predicting $200+/bbl oil last July?
Nope I didn't predict nothing, Larry did with his fuel bets and lost. So who's laughing now? But I am now predicting CO will go below it's 52 week low before the end of this year due to way CO is ran and the GA's and FA's don't care as told by many FTer's on this forum. It's a shame that this has to happen. How can FA's upgrade non-revs first before A PAYING qualified elite flyer and think they can get away with it is because of Larry and the way he runs CO. We will see how long he stays on. Time will tell.