Originally Posted by
iceman49
Cool, so we lose. buttload on fuel hedges, but make 16 mil on the refinery...so isn't that a -331on fuel stuff?
I'll have to reread the release. I thought we made a profit on the fuel hedges as well.
"$82 Million – The amount Delta reduced its fuel expense during Q3 as a result of fuel management initiatives, including $63 million in hedge gains and a $19 million profit at Delta’s Monroe Energy refinery subsidiary. The airline expects hedges and the refinery to reduce its overall fuel cost by $200 million for the entire year."