Dog Wonder, I am aware that LCC did not have a operating profit this quarter..It is not a profit on fuel hedging. LCC reported a larger loss on fuel hedging last year than they actually had.
Loosing only half your rear end, instead of three quarters of it, is not a profit.
It just irritates me that this crazy airline industry has the lee way to move their numbers around from quarter to quarter, so they can paint the picture that suits them.
IMHO, ALL airlines should be required to report their earnings the same way,
Forget about special items this, one time charge that, Blah, Blah, Blah..