pilot, Southwest also has fuel hedges in place,Let's see. The only profitable airline in this country flies one type of A/C. They pay more than any of the legacy carriers. They don't fly overseas. They fly mostly point to point. They have a rational fare structure. They don't interline. They don't have first class. They don't fly RJ's or EMB 190's.
And they have never lost money. Ever.
And NWA, U, DAL, UAL, CAL, AMR, and the rest seem to ignore the successful formula. Pretty silly if you ask me.
pilot
Which is the primary reason they have been profitable the last few years.
These fuel hedges will continue to erode year over year.