Originally Posted by
acl65pilot
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.
40% of our fuel is hedged, and of that 40% is at around $80 a barrel. I think some people are a bit more careful now with hedging. This will really help USAir, who had zero hedging but was still making profits due to their poor pay to their own employees.