Well, it's not an argument. It's my opinion that time will tell what happens.

Lots of folks on here that have more #'s than I do. However, I do believe that it is a fact that if it were not for their hedges they would be losing $$$ right now. That is based on their last couple of quarterly results minus the hedge amounts and you have a loss.

If this is wrong I apologize and pls show me the #'s.

Then again, I don't follow the business management of airlines very closely.