The bashing I was referring to was me. I figured people would let me have it! You know, it's anonymous so that's what usually happens.
As far as I know fuel hedging is not new to SWA as they've been doing it for 2 decades. It just happens this time the price swing was HUGE so the profits were huge. Of course SWA would make a lot less money without the hedges. They would make a lot less money if they flew more than one type of aircraft, had a defined benefit plan, flew their pilots fewer block hours, had more than 70 employees per airplane etc.
It just seems to me that there's an undertone that everyone is waiting for SWA to trip, so to speak. Just my thoughts. C-ya!
Brown Dog
Last edited by Brown Dog; 11-16-2005 at 08:06 PM.