Originally Posted by
Timbo
But we don't make the fleet plan, but Richard and Ed, the guys who blew $6 Billion on fuel hedges, did.
Food for thought. What is Richard and Ed had been correct about fuel prices? How much money would the company have made?
Richard Anderson once said "you guys made a hell of a bet on fuel prices and so far you are in the money."
You can correlate that economic result to the rejected TA. Anderson believed fuel prices were a temporary benefit to the business and put his money where his mouth was with hedges.