Oil dips below $34 a barrel, are airlines out of strife?

[NickN]

Oil has dipped under $34 a barrel which bodes well for us motorists, but is this the saving grace and reprieve the airline industry needed to stabilize itself after a horror 12 months which saw oil hit $147 a barrel less than 6 months ago. One would assume alot of airline execs are breathing a little easier at the moment. The good news is, this latest drop came AFTER the OPEC meeting in which they agreed to a 2.2 million barrel per day output reduction.

Is this the type of environment where airlines secure their future fuel supplies at cheap prices? How do they manage their fuel hedging schemes?

Either way it can't be a bad thing.