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[quote user="V.Payne"] You may be right on the diesel as I did not look the number up for what they paid after the hedge, but since they run on the Federal fiscal year (FY09 starts in 2008) I figured the figures would include the high diesel prices right before the collapse. Where did you get the number for FY09? [/quote] Page A-2.2, FY10 September Monthly Operating Report, which covers FY10 and FY09.  FY09 began October 1, 2008, and closed on September 30, 2009.  Without access to Amtrak's fuel hedge contracts, there is no telling what impact the 2008 rack rates had on the hedge.  Some of our fuel hedges ran for more than 10 years, which meant that the short term rack rates had practically no impact on whether the contract was in or out of the money at maturity.
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