Maybe we should hire some "super smart" pilots to run fuel hedging.

I know it's popular to shoot the hedgers, but really, had anyone who claims they knew in 2013 that fuel would be $40 / barrel in 2015 should have shorted the market and made "Billions"

If Iran shows that they have a bomb, or any other major disruption to oil production, or demand goes back up and oil had spiked to $200/barrel, Delta would have looked like a genius having the hedges.

It's basically insurance. You can go without it and not have a loss and look really "smart" or you pay your premium and be pleasantly happy that you didn't have to use it, but if it's needed and not in place.... well you only get to make that mistake once.