Oil is such a dirty business, dahrlings. It has the industry over a barrel. If it goes up, we don’t make money. If it goes down, the airlines already bought it for a higher price - so bupkus.
I’m no macroeconomic expert, dahrlings. But the upshot the wazoo is cheap oil is knocking the loonie right off its teetery perch. Driving up the price of everything from soup to new aircraft and stuff.
In lay language, lube jobs will be cheaper; we just won’t be able to afford them. (Whoever thought of circumcising lubrication down to lube? Brilliant. Would anyone freely solicit an establishment called ‘Jiffy Lubrication’?)
Yesterday, Japan Airlines was the first to announce lower fuel surcharges. Good news despite the oxymoronics of it. Oil is the lowest it’s been in over 5 years, but there is still an extra charge over and above the charge. Just a lower one.
As I said, the economical implications of hedging elude me. It’s a crude business which will continue to affect our business until hot air can carry us.
One final note, please avoid petroleum jelly. Besides the fact that it melts rubbers. It is made of petroleum, dahrlings. Not something you want near a baby.
