i would expect that their profits would, in fact, go up, if they were unhedged, if they hadn't bought their fuel in advance because they would be buying fuel at lower costs, profits would go up, and eventually it would encourage more seats to be added, more capacity and more planes eventually over time to be added over to the routes, and then you would obviously see eventually prices going down. >> douglas kidd, are there big carriers who are still spending the bad 'ol prices on jet a because they have those long-term contracts signed to protect themselves? >> that's a possibility. whether they buy long term or short term, most airlines are going to be hedging their bets on the commodity markets so they're not at the mercy of wild swings of fuel prices. but as a simple practical matter we all see the fuel prices are going down, and they can go right back up just as fast. if you're running an airline you're going to be careful about lowering your prices out of fear that politics could change, the fuel market could change, and you could find yourself on the wrong side of the equation. w