PWALPOCO wrote:Just changing track a moment , I caught sight of an article in a newspaper (I was waiting to get my hair cut and the person next to me was reading the business section). It was about Ryanair , from what I could see, theyve hedged 90% of their oil costs at $65 a barrel through to March , or May from memory next year, and the boss was looking forward to other low-cost airlines falling foul of the current high oil prices.
Seems that perhaps the people at Ryanair are "peakists" ?
It's all right, you can come out of the closet, you Business Section reader. Sounds like they'll be in trouble in next year then. Race to the bottom, or what?