Originally Posted by sailingfun

Just a small point. Delta has not written down all their fuel hedges. They have written down some of the hedges but are still deeply on the down side. That is the specific reason Bastion keeps mentioning margins at market fuel prices. Management does not want to talk about how badly they have managed our fuel situation. We are going to pay well above market rates for the rest of this year. Our actual margins will be less then the market fuel rate margin. The later sounds better when talking to wall street.