Throughout the 1990s and early 2000s, Southwest kept hitting the jackpot with fuel price hedging and futures trading. People used to say that they were a hedge

Throughout the 1990s and early 2000s, Southwest kept hitting the jackpot with fuel price hedging and futures trading. People used to say that they were a hedge fund with an airline attached. They were far and away the cheapest. Now, not so much, unless you regularly check multiple bags.