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Subject: Re: American Airlines - Last one standing Posted on: Thu, 15 Sep 2005 17:45:18 EDT


"Pooh Bear" wrote in message
news:4329D9E0.8C74FEA1@hotmail.com...
>> Southwest is locked in at $32/barrel for 65% of their fuel needs in 2006,
>> $31/barrel for 45% of their fuel needs in 2007, $33/barrel for 30% of
>> their
>> fuel needs in 2008, and $35/barrel for 25% of their fuel needs in 2009.
>> So
>> they have a little breathing room.
>
> Somone's going to take an utter caning over that little arrangement !
>


They basically did that on the futures market. There's nothing to keep them
from selling those contracts should they think the price is going to peak
and then drop.