Just to put some figures on NSF's comments re fuel hedging. The losses due to "Fuel Hedging Fiasco - The Movie" for the year to September 2009 will total some USD 450 MILLION (73% hedged at USD 1094 per tonne - current market price USD 483 per tonne - see here
Price Analysis).
To add insult to injury in the same Q1 shareholders report they admit to having ALREADY hedged 27% of the fuel for the year to September
2010 at USD 926 per tonne. Losses from "Fuel Hedging Fiasco - The Sequel" will thus be a further USD150 MILLION - wiped straight off the bottom line.
The losses for 2008 exceed the ENTIRE crew (flight and cabin) budget for the year.
Harrison's bonus for 2008 will be GBP 265,500 and Carr's GBP 81,000