Southwest Airlines is currently doing very well
because of their succesful hedging contracts:
http://www.ft.com/cms/s/0/0826f784-c...077b07658.html
Ryanair is almost completely unhedged after March!
http://www.marketwatch.com/news/stor...605331615CC%7D
Don't really see the cleverness in this, the 30m and a few quid from some paycuts won't make a difference on the fuel bill with $100 oil...