Originally Posted by
KC135
You say AAY is no less volnerable yet they, along with WN were the only airlines to make a profit throughout the complete last recession which speaks for itself. They have a few competitive advantages to help with that while you could argue WN only weathered the storm in the black because they hedged their fuel. I've never seen a small airline in history have 80% of their routes with zero competition and the highest profit margins for any airline. There isn't much else in common with historic airlines other than the size of the airline and previous maintenance issues.
Right on. WN also made roughly $2 Billion dollars off fuel hedges during the last recession and was able to bankroll their expansion and growth thanks to that bet, while other airlines were shrinking.