Originally Posted by
Elvis90
Oil is plummeting right now...$84 per barrel & dropping on bad economic news. Good for airlines, though...this'll generate some big profits if it sticks around.
I hope DAL sold their future positions like they were thinking of doing, because if they did not we will see a loss of paying more for the hedges. At its current level (oil) we are about break even on what we did hedge, if it goes down further, the hedge position will put us in to the red.