Originally Posted by
Coronado
From my seekingalpha email this morning---oof!
• Among airlines, American (NASDAQ:AAL) should not suffer the cost headwinds related to mark-to-market hedge losses, unlike peers that hedge jet fuel; Delta (NYSE
AL) can expect a $2B hedge-related loss, Southwest (NYSE:LUV) should see a $500M loss and United (NYSE:UAL) a $200M loss.
We single engine taxi and do all sorts of other stuff all year long to save a few million.
Management drops $2 billion gambling in the futures market.
Guess who will get the giant bonus check?