Originally Posted by Bucking Bar

Many pilot-analysts assume a net sum gain.

That is not how business works in the real world. Lower oil prices are most often a reflection of global demand. Lower demand results in lower ticket prices. The revenue number is a lot larger than the fuel number and a stronger indicator of where are profits are headed than fuel prices.

Oil and airline ticket prices are both leading indicators and they most often move up, or down, concomitantly.