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Non-Tech : Southwest Airlines (LUV))
LUV 32.46+3.0%Nov 7 9:30 AM EST

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To: Bryan Arnold who wrote (105)1/12/1997 4:23:00 PM
From: Sam Citron   of 299
 
Bryan,

I don't know why any airline need suffer from the rise in fuel prices. It's such a predictible expense. Hasn't anyone heard of hedging exposure to rising fuel costs in the futures market. If next December crude really is $20, the airlines ought to be buying it. It would take alot of volatility out of costs and earnings predictions. Maybe I'll send a note to Herb about this.

SC
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