GUEST: Whitesage on Crisis (It's the Hedges)

Asked today how the airlines' current fuel crisis is impacting relationships with corporate customers, industry veteran and Prism Group president Michael Whitesage had bigger issues on his mind. Whitesage doesn't blame Southwest Airlines for its industry-leading fuel hedging position. [Seventy percent of the carrier's 2008 fuel needs are priced at a crude oil equivalent of $51 per barrel, according to CEO Gary Kelly, as compared with the roughly $133 per barrel crude price during today's trading

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