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Old 04-24-2010 | 05:53 AM
  #35733  
johnso29
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Joined: Oct 2006
Posts: 13,088
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From: B757/767
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Here's a nice bit of info.

Regardless of the fact that our fuel expense decreased $145 million, we're still keeping a cautious eye on rising fuel prices and have gone on the offensive by hedging 43% of our fuel for the remainder of the year, more than half of which are call options, capping our exposure to rising fuel prices and still allowing us to benefit from declines.