Originally Posted by Enhanced in Austin
If I remember correctly, most of Southwest's fuel hedges expire relatively soon. Anyone know for sure?
And once that happens, at least ONE component of cost is more level.
Not exactly. WN will enjoy a very large cost advantage next year and smaller, but still substantial, advantages through 2009.
The Company remains approximately 85 percent hedged for the second half of 2005 at $26 per barrel; approximately 65 percent in 2006 at $32 per barrel; over 45 percent in 2007 at $31 per barrel; 30 percent in 2008 at $33 per barrel; and over 25 percent in 2009 at $35 per barrel.
http://phx.corporate-ir.net/phoenix....041&highlight=