Originally Posted by acl65pilot

Anyone who hedged lost their shirt. No one could have seen 35 dollar a barrel oil. The low estimates were showing 80 bucks. If that would have been the case we were well insulated with the layered hedges we had in place.
Because of the total meltdown of the economy, we were able to help the oilmen once again.
This should be the last of the major fuel hedge write downs. Looks for better numbers for the last three quarters.