NewHampshire Black Bears
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From reuters.....3/14/2009,
"US Airlines Hedge less, let fuel exposure grow" !!
"US airlines, battered by stratospheric fuel prices, are even more vulnerable to oil spikes now than they were a year ago as most have let their hedge positions erode."
"ALL Major U.S. airlines, with the EXCEPTION of AMERICAN AIRLINES are facing record high oil prices with LESS hedging protection than they had a year ago" !!
"EVEN Southwest Airlines, the Industry's leading fuel hedger faces eroding protection" !!
I "opined" the other day, that if Oil went to $200 bbl., that AA would still be flying, out of a group of 3(AA/WN/NW)
NOW "we shall see" !!!
"US Airlines Hedge less, let fuel exposure grow" !!
"US airlines, battered by stratospheric fuel prices, are even more vulnerable to oil spikes now than they were a year ago as most have let their hedge positions erode."
"ALL Major U.S. airlines, with the EXCEPTION of AMERICAN AIRLINES are facing record high oil prices with LESS hedging protection than they had a year ago" !!
"EVEN Southwest Airlines, the Industry's leading fuel hedger faces eroding protection" !!
I "opined" the other day, that if Oil went to $200 bbl., that AA would still be flying, out of a group of 3(AA/WN/NW)
NOW "we shall see" !!!
