At the risk of being picky, I gather that we have hedged at lower prices than last year, so our fuel bill this year should be less than the 3 Billion last year. However, I agree with the sentiment that the company has to get a firm grip on its costs fast.
One could argue that the unions that settled first have played a blinder as it is difficult for the company to come back with modified demands, however, those unions that haven't signed are now having to deal with moving goalposts.
That's not to say that the company wont come back with the begging bowl in October.