Southwest Airlines has always been profitable by buying jet fuel and locking in prices. It worked well during periods of spiking oil prices. Last year, they lost money by using the same hedging process. American, the worlds largest airline, had a record year by simply buying it at 50% off, netting a $600 million profit. Steve and Sinclair review. In the Q & A, Matt Griffin, CEO of Payson Petroleum, answers questions on how they are managing the oil in the ground in today's price environment.