Originally Posted by
qball
That's too bad for them. They also gambled on fuel hedging and lost much more than that. Did they get to go back to the hedge fund and tell them they are not going to pay up? The bottom line is they AGREED to a contract and then failed to honor that. Now we need language in this contract that does not allow them to continue to do that.
They used a hedge fund for fuel hedging? Wow!