Pricing
Pricing
(24 Mar 2015, 12:22 pm)Chris If the big 3 hedge their fuel, surely a drop in fuel prices today won't have any effect? The price they're paying today would have been 'hedged' 12 months ago when prices were higher.
Whilst fuel won't be an insignificant cost, I would have thought staff costs would make up a larger part of operators cost base.
(24 Mar 2015, 12:22 pm)Chris If the big 3 hedge their fuel, surely a drop in fuel prices today won't have any effect? The price they're paying today would have been 'hedged' 12 months ago when prices were higher.
Whilst fuel won't be an insignificant cost, I would have thought staff costs would make up a larger part of operators cost base.