Originally Posted by
gettinbumped
Oh no problem there... this one is easy. The geniuses are back at it with another exceptional fuel hedging strategy: They will have no problem losing money as oil plunges.
United Continental Holdings Inc.
4/21/11 58% April to June 2011 $114
4/21/11 36% July to Dec. 2011 $125
I think you got that from the same source as the following:
Alaska Air Group Inc.
4/21/11 50% April to June 2011 $86
4/21/11 50% July to Sept 2011 $86
4/21/11 50% Oct to Dec 2011 $86
4/21/11 40% 2012 $90
4/21/11 19% 2013 $92
JetBlue Airways Corp:
4/21/11 43% April to June 2011 (21% @ $93)
4/21/11 36% July to Sept 2011 (18% @ $94)
4/21/11 26% Oct to Dec 2011 (7% @ $92)
4/21/11 8% Jan to Mar 2012 (3% @ $99)
Why or how are our smaller competitors able to hedge at lower prices than us? Do our fuel hedging people wait too long to do so? Do they look at different numbers than the others do? That being said even SWA is hedged over $100/bbl closer to what we are.