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Re: Seminole Red post# 2947

Saturday, 08/01/2009 8:47:48 AM

Saturday, August 01, 2009 8:47:48 AM

Post# of 16651
Hmm interesting article.
One positive thing though. Delta hedged 9% so that is not alot of loss.
The delta contracts with mesa forfeit on a BK of either of the 2 parties. So the lower the "losses" for delta the better.


None the less over I dont think this will hit MESA all that much since only 4% of their income is based on their GO! operations. And that is where the hedging damage would be incurred.
The rest of the fuel is paid for by the contracts.
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