Originally Posted by
Scott6067
While I agree that CO has done a less than stellar job of fuel hedging, they have hedged fuel in another way by the fleet that they have developed. I would assume that their economist have long seen the savings from having "the youngest jet fleet." While they may not be paying $35 a barrel for oil they do have a reduced risk and it would be interesting to know what that reduce gas risk was because of the fleet in terms of dollars.
Larry has talked about the permanent fuel hedge thanks to the efficient fleet. I haven't heard him describe the significance of those savings. It's a good question; I am now curious to dig around and find the answer.