Maloney asks about fuel costs and hedging

What are some of the largest expenses and how has fuel prices impacted the operational efficiency of the ferry system?

Yeah, fuel is a major cost driver for the system.

I'm happy to report that because we are able to hedge the pricing on fuels,

on fuel in the future, we've done very well with our ability to keep fuel prices in check.

We have seen increases, that is true, but we are not seeing the same kind of increases that are everywhere else because we've been able to hedge in future time.

We are still looking ahead and of course, you know, future cost of fuel is increasing, so that is an area that we're keeping an eye on.

When would that you expect fuel prices to increase?

We have a continuous hedging program.

We are hedged through most of the current fiscal year.

So we make regular decisions on how to extend that and what price points to do so.