United Turns Out to Have Been Scolding Themselves

Upgrade: Travel Better notes the irony in United’s expected $500 million loss from speculating on oil prices.

Weren’t they among the ones telling us — just two months ago — that speculation was evil, the source of high fuel prices, and shouldn’t be permitted?

All the while they were, umm, speculating. Badly.

Now we know they were really just asking Congress to save them from themselves.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. Certainly ironic, though the airlines consider themselves as fuel hedgers, not speculators. Not that there is a difference.

    Oh, and Continental is in a similar situation, with ~40% hedged over the next 6 months at $120-140/bbl. Not good for them, either.

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