Steeler83 From United States of America, joined Feb 2006, 9381 posts, RR: 16
Reply 1, posted (9 years 9 months 3 weeks 5 days 2 hours ago) and read 2687 times:
Oh boy... I suppose that $66 million isn't all that terribly bad. I suppose that it could have been worse without the cuts. jetBlueAUS sure won't be happy with this though... Is there any chance of CO starting hedges soon? I guess given that the cost of fuel isn't cheap anyway, what's the use in it now...
Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
FlyHoss From United States of America, joined Feb 2005, 598 posts, RR: 0
Reply 2, posted (9 years 9 months 3 weeks 5 days 2 hours ago) and read 2599 times:
CO's report included an operating profit of $11 million; I'm still digesting the report...
I wouldn't expect to see CO hedging fuel, according to CO management, a hedge effectively adds as much as $5 per barrel. You might consider hedging as a form of insurance, and as we all know, insurance isn't always cheap.
Richierich From United States of America, joined Nov 2000, 4497 posts, RR: 6
Reply 4, posted (9 years 9 months 3 weeks 5 days ago) and read 2470 times:
Quoting Steeler83 (Reply 1): I suppose that $66 million isn't all that terribly bad.
All things considered, I agree with you. A $66M loss isn't terrible and I wouldn't be surprised if WN is the only US carrier to make a profit in Q1, barring any one-time accounting credits. Not many airlines have models that can withstand $60+ per barrel for fuel. Of course, the prospects for Q2 look even worse than Q1....