yeah, so?
CX is paying current market rates ( about $50 barrel ) for 50% of the Jet Fuel and $70 barrel for the other 50%.
There IS a combined saving of about 15 to 20 BILLION on LAST years fuel bill
if the price says about the same. ( no reason to think it will go up much any time soon )
The first five or six months of calander 2009 MORE than offset the WHOLE hedging screw up, the rest of the year is bonus, thus
helping offset the lower revenue stream for the year and producing a fair result overall.
So it all comes down to how cheaply we are selling the seats, does the significant oil price drop match or exceed the price we drop the seats?
N1 Vibes........not much we can do for our Flt Eng I'm affraid. The F/O's on the seiority list below the age of 55 should be ok. The Captains over 55 on extension on the other hand should get on their knees and kiss NR's bum.
