weasil
28th May 2008, 15:36
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=8010010&src=finance&ch=4535474
This video contains some interesting analysis of the cash positions of several US Airlines. These guys think a 20% reduction in capacity is in order with oil at current levels.
One thing that stood out - they say Southwest has fuel hedges for 2008 at $50/barrell for almost 75% of their fuel purchase needs for the year.
They predict imminent bankruptcy for Mesa and potential bankruptcies for US and AMR in the near future.
This video contains some interesting analysis of the cash positions of several US Airlines. These guys think a 20% reduction in capacity is in order with oil at current levels.
One thing that stood out - they say Southwest has fuel hedges for 2008 at $50/barrell for almost 75% of their fuel purchase needs for the year.
They predict imminent bankruptcy for Mesa and potential bankruptcies for US and AMR in the near future.