Sounds like Halter is saying our hedges are in the money, and are around 50% of consumption for each quarter this year.

I also thought he said he expects a 8-10% margin this year including impact of profit sharing. Maybe someone heard different? That would be rather extraordinary.

-86 AC, 36 mainline, 50 RJ (SF340 and CRJ's). With 777/738/M90 deliveries, that gives the net - 71 Anderson mentioned.