The thing about fuel hedging - as Flightrider points out - is that every hedge runs out!
The challenge is then to move on to what the next best deal is and heads need examining if anyone honestly thinks that if Flybe (or any other airline, come to that) would do anything other than get the best deal available
. And looking at the Flybe hedging deals, they are virtually bang on the industry going rate.
I thought it was interesting that they went out of their way to put staff cost increases of 7.7% year on year (page 10 of report) down to one group of staff alone. And who's to blame? Yup - you got it, those nasty pilots.
