Originally Posted by
sailingfun
Had SW not been hedged for years at under 40 a barrel the industry would look quite different today and average wages might be much higher.
Wouldn't it be more appropriate to blame the bungled mismanagement at other airlines for the crushing pressure to keep labor costs down (both inside and outside of bankruptcy)?
I'd say if the others had more astute management and foresight they'd have hedged as well, would have been in a better overall financial position, and then "average wages might be much higher."