Originally Posted by Herkflyr

I remember reading a few years ago that USAir had made a specific decision never to hedge. I wonder if in the long run the hedging airlines (other than SWA and their famous hedge-at-$26/bbl decision from 10 years or so ago) have done any better? It certainly seems to have resulted in a lot of time spent on hedging that may or may not have done much for the aggregate bottom line.