Originally Posted by
Main Wheel
It is standard practice in the airline world to hedge fuel.
That is debatable. You will note the second article I linked discusses how AA has not been hedging and how that's worked for them:
American for now remains unconvinced that there is any upside to hedging. “It’s really expensive to buy that insurance,” company CFO Derek Kerr recently explained. “You look at how much our competitors have lost this year on that so-called safe insurance policy.”
In all events, my basic point here is that there is abundant evidence TG's current management doesn't have the expertise/skill needed to successfully hedge.