I just drive,
Do you understand how hedging works?
The banks who generally provide such hedging products through their Trading/Investment arms have had their fingers seriously burned recently in this Crisis.
Only the very highest credit worthiness will be awarded decent "long term" hedging contracts, and even those come at a much higher price than previously known.
It is highly likely that another lowcost startup will be forced onto the spot market, both currency and fuel for it's requirements. And that's a variable feast I'm afraid. You can get hurt by both currency and fuel movements.
Just ask Silverjet, Zoom, Eos or Maxjet how that feels......
It won't work.
And lastly, it's not turnaround times that make long haul profitable. It's filling the front cabin and filling the belly with freight.
It's doomed.