Shep69 & Trafalgar, I wasn't suggesting SLS was a good thing, just saying that if you have a lookout the financials, all our operating fuel savings amount at the very best to about 6% of what the hedging has cost us. Is costing us. Every year. Every little bit helps but we have such a mountain to climb before we even start making money.
I also would have loved to have been on the other side of the trade when the market was bracing for a drop to $50 oil and we were all alone (with SIA) rushing around getting options at $90.
Gift horse, mouth.
One could argue we took a huge gamble and it failed.