Re: Say that again!!!! (was Re: UAL Posts Wider 4Q Loss Amid Higher Fuel Pric...

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To: AIRLINE@xxxxxxxxxxxxxxxxx
Subject: Re: Say that again!!!! (was Re: UAL Posts Wider 4Q Loss Amid Higher Fuel Pric...
From: Alireza Alivandivafa <DEmocrat2n@xxxxxxx>
Date: Thu, 27 Jan 2005 21:30:58 EST

I am guessing this has to do with a hedge from before then entered chapter 
11.  It is not a very big hedge, so they likely had a hedge on when they were in 
a stronger cash position

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