sisyphos
That whole article is based on the pretence that “should” oil prices remain as high as they are then some airlines that have low hedging this year will find it tough. The reality is that oil won’t remain this high. The current high oil prices don’t reflect the true fundamentals of supply and demand. Given the recent volatility in the oil price it is obvious speculators are the ones driving up the price to unsustainable levels given the current gloomy world wide economic climate. They will fall and when they do carriers like CX who have effectively taken a bet that they will fall as well, will fall squarely on their feet. Those carriers that have over hedged will then be the ones at a financial disadvantage.