Hedges can't save Southwest

Hedging that saved Southwest in past is no longer working for them as fuel prices have taken a dip. AP reports, Southwest Airlines says it lost money in the fourth quarter as its fuel-hedging strategy lost punch.

It was Southwest's second losing quarter of 2008 after 16 straight years without finishing a three-month period in the red. Southwest paid 23 percent more for fuel than a year earlier.


Popular Posts