The problem with fuel hedging is that you don't always get it right. If a company hedges one year and makes a win that's good. I imagine the broker will probably price it to get his money back next year! If you hedge at what you think is a good price and then the price falls you're stuffed. There's probably an element of the old crystal ball in there somewhere.
The £20m was a figure quoted in my ART course a couple of months back. It probably offset any yield and a considerable bit more too.
I accept that the Europe thing is getting tiresome now. But, because it has been going on since 2007 doesn't make it any less a fact.
Flybe need bums on seats and at a fair price too.
Hopefully the 1% increase in the economy recently announced will give a bit of consumer confidence and start to turn the corner
