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Originally Posted by B767Driver  How many pilots you guys have? I didn't know you had that many.
I listened to the Delta president speak last week at a road show...basically he said more airline failures are probably going to happen...and if oil stays at $120, it's a game changer...it will completely reshape the landscape of the industry.
Delta will get beat up over the next couple of years but will be a survivor. Air Tran, United, Airways are supposedly in liquidity watch. United supposedly is a mess. SWA...without the hedges...would have had the worst yields in the industry at negative 10.5. Delta is projected yields this year of 1 to 2 percent. |
Hedges don't "run out," though. They will ALWAYS be able to charge less than the guy next door because they are ALWAYS hedging their fuel bets.