26th May 2009, 04:04 PM
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Senior Member
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Join Date: Nov 2007
Posts: 1,695
Rep Power: 36
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Virgin Atlantic
http://news.bbc.co.uk/2/hi/business/8067640.stm
It is a interesting case to know that there is one airline which is making profits as compared to all airlines reporting losses.  ....that too in this downturn.
It is a big slap on face of British airways, EasyJet and RYAN air. All of them have reported big losses! 
How they do that?
Quote:
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Talking to the BBC, Mr Ridgway added that successful hedging of fuel had helped the firm. Hedging involves buying fuel at set prices in advance to avoid fluctuations in costs on the open market.
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They got their hedging bets Right!
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