I'm not sure that comment holds much weight, at least not at the immediate time. Most commodity companies hedge their fuel costs over a couple of quarters if not a year. It's good business practice, its safe business practice. So I don't think they (BAA) will see any substantial savings in relation to fuel cost for at least a quarter, perhaps longer. They are probably still paying in the mid 80.00 range until their hedge expires. It certainly wont be a 40%+ savings like one board member stated the other day. However when its time to hedge again, then certainly they will show a greater savings on fuel cost if oil stays at these levels or lower. But, yet again it will not be in the 40%+ range from oils drop from ~95.00 to "todays" oil/fuel cost ~ 60.00. The supplier and BAA will probably find a middle ground to hedge for the quarters ahead.
