There they go again, those pesky United pilots. Now they’re saying the airline’s chief, Glenn Tilton, should leave because he bought some fuel hedges and United lost money on them. This is outrageous, says the union, because Tilton used to be at Chevron Texaco. “How is it that an oil man such as Glenn Tilton can’t figure out how to stem losses
from hedging jet fuel?” asked Captain Steve Wallach, chairman of the United Chapter of the Air Line Pilots Association. “This latest reported loss is a real head-scratcher. It took him too long to realize the value of hedging, and then he entered the market too late,” says Wallach. For the first time in a (very) long time, we feel some sympathy for Glenn, mostly because for once it’s not his fault.