Originally Posted by sailingfun

Fuel hedging losses are actual cash losses just like fuel hedge gains are cash gains. According the the report the hedges for this quarter increased our fuel cost 11 cents per gallon. Prior to the merger a 1 cent per gallon increase in fuel was around 7 million per quarter. With the combined operation it should be around 12 million per quarter per sent. A 11 cent increase is over 140 million in actual cash gone.