dave barger, the ceo and president of jetblue.ould note jetblue hedged 26% of its fuel needs in the second quarter and experts the average price per gallon of jet fuel to be 3.33, 2012 the average to be 3.30 and that's certainly the key as we've seen fluctuating oil and diesel costs. >> but they have been able to raise fares which has really helped them so as long as they continue to do that and the mix between business and leisure travel, business is a higher yielding product, as lange as they can increase, that they should do all right. at some point fuel costs get to go high and 100% of your planes filled with business travelers, no place else to grow, but for now they are all right. >> how are you trading it? >> when the ceo comes out and is doing a great job and says try itself is challenged, i wouldn't go near jetblue or any of the airline stocks. i think they have proven it's a tough way to make money. >> all right. let's also stick with travel and check on expedia shares. they are up sharply in the after-hours session. str

the opening bell, dave barger ceo and president of jet blue joins us first on cnbc.lieve it's been ten years. >> great to be on squawk. it's hard to believe it has been ten years, as well, especially in this business. >> survival is often an accomplishment and tough industry. before we move on i think everybody wants to know since march 27th when the pilot had the incident on your flight have you seen an impact on pricing or bookings? any fallout? >> we haven't seen any impact at all from the event at the end of march. we are there supporting the captain and his family. a very unfortunate medical event. i think it talks about the professionalism of the crew and the cust amors. >> i know you are in arquiet period. broader there is a notion that american and u.s. airways may find a way to get together. i think we have a live picture of protests of people who were contesting that potential move. what would that do to capacity, to pricings? >> we'll be public on friday. when you talk about consolidation and noise from last week the headline for us it's amazing how much b