Even though LUV is 85% hedged, they're paying more than they expected...they're hedged in crude oil, but they use jet kerosene A...and just like gasoline, with the refinery shut-downs, jet fuel spiked over 20% while crude rose <10%. Still alot better than no hedge, but I know its pissing them off...BTW not a one of the legacy carriers can make it long term with the combo of today's fuel and today's fares; sometihng has to give. I would guess, if you think fuel is going to stay up here, book ASAP to beat the coming fare hikes.