Hedging fuel is one of those strategies that work well in hindsight or if you can play a very long game. For WN it worked out great, but as their contracts were running out, oil was flirting around $75 a barrel and many thought it would go higher. Jumping on a new contract at that price and then watching oil dip into the low $50 range a few months later would have been a real gut check. Longer term, I think we'll look back on $75 oil with fond memories, but airlines have to keep an eye on the current quarter as well as play both the long game.