Interesting point, Frank. I don't know the answer.
PS Why is it that when you ask what to expect next/ speculate about the motives of management you either are considered a traitor or a management pilot?
The moment you stop asking questions you risk to loose control.
Arfur, where in my text do you see any sympathy for management?
Squawk, I hoped I made it clear in my text: this is not about who is responsible for the fuel hedging disaster or about the pay checks of managers. As I see it, we can't change that, or can we? That does not mean I approve.