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Thread: More Epic Fail At United: Paying $111 for $98 Fuel

  1. 09-19-2008, 01:47 PM #1
    Matt Molnar
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    More Epic Fail At United: Paying $111 for $98 Fuel

    UA announced some good news yesterday...they renegotiated their credit card deal with Chase which will earn them an extra $1 billion.

    And then the bad news: they admitted half their fuel for the remainder of this year is hedged based on oil costing $111 a barrel, and their 2009 fuel hedges are pegged at $119 a barrel. Oil closed at $97.88 yesterday, though today is up to $104 on news of the Fed's rescue plan. UA warns their potential loss as a result of this could approach a half billion dollars.

    http://www.atwonline.com/news/story.html?storyID=14068
    Ladies and gentlemen, this is your captain speaking. We have a small problem.
    All four engines have stopped. We are doing our damnedest to get them under control.
    I trust you are not in too much distress. —Captain Eric Moody, British Airways Flight 9
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  2. 09-21-2008, 04:29 PM #2
    Lezam
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    Re: More Epic Fail At United: Paying $111 for $98 Fuel

    Yeah, unfortunately a couple more airlines followed the same path. And I thought they pay people hundreds of thousands of dollars to figure this stuff out and not screw up? :roll:
    LiveATC JFK tower feed
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  3. 09-22-2008, 03:12 PM #3
    Ari707
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    Re: More Epic Fail At United: Paying $111 for $98 Fuel

    with oil up $25 today maybe it wasn't so bad....
    Overheard on JFK TOWER - S Turns are fine, U-Turns are bad....
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