FlyingHighAgain
31st Oct 2008, 19:35
Does anyone know if Sunwing has fuel and / or foreign exchange hedges, and are they profitable at current pricing?
jonny dangerous
2nd Nov 2008, 13:38
This is what FlyingHighAgain posted in the Canada forum on PPrune:
Bookings may be up, but how much are prices down on average. I also hear Sunwing is not hedged the Canadian dollar's downward spiral and with 30% US dollar costs, especially fuel, it has got to hurt, no? Are they actually profitable?
He/She joined PPrune 2 days ago, and his only two posts are negative on Sunwing. Do the maths...
Jonny
PaperTiger
3rd Nov 2008, 16:00
Sunwing has charter contracts for this winter season, so there will likely be some cash coming in. After that... ?
They state they intend operating fifteen (15 :uhoh: ) 738s and are recruiting to suit. Long-term jobs ? Hmmm :hmm: