17 October 2008

The unthinkable happens in October - WN posts a loss

OK the dust has settled and OMG WN made a loss. The sky will fall.

Clearly the ratings agency had wind of this which is why they lowered ratings recently.

But this is sanguine news for everyone. It shows that everyone is fallible. Last quarter it was Ryanair - this quarter its Southwest. And the cause was the same - fuel hedging.

But the good news is - this can be fixed.


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