> they will go bankrupt the next time fuel costs spike Commodity futures are a healthy market. It's easy to hedge the price of oil and take that completely out

> they will go bankrupt the next time fuel costs spike Commodity futures are a healthy market. It's easy to hedge the price of oil and take that completely out of your profit/loss calculation. Any airline who chooses not to is speculating on the price of oil, much like a hedge fund. > the continual potential of a terrorist attack decimating your sales overnight. They can probably buy insurance against that as well. The lease-holder of the WTC had an insurance policy that paid $3.5 billion per event. I forget if the attacks were considered one event or two.