Southwest's Secret Weapon
Photo Credit: A Southwest Airlines Boeing 737 departing San Diego. Southwest Airlines
Southwest Airlines had a secret weapon in the second quarter: Its fuel hedges. That helped propel it to an impressive 17 percent operating margin. High oil prices pulled down the results of most other U.S. airlines during what was an otherwise strong quarter. Also, Edward Russell and Jay Shabat discuss what's next for JetBlue and Spirit now that they've agreed to merge.
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