Hey guys I just want to know what you all think about what caused the huge downturn this past 5-7 years in the Legacy airlines. Here are some factors I have heard and I want you to all comment on them and say true or false. Also, if you believe the airlines, or whoever, were at fault do you think they learned their lesson?

1. Pilots over-paid...like Delta's top 777 guys making 290k while American's top 777 guy made 190k a year. (I am not saying that they were grossly over-paid maybe just about 10-20k a year too much). *Not my opinion just something I have heard from a few pilots.

2. High Level Management extremely over-paid. Maybe like anywhere from 50-100k over paid.

3. This might relate to 1. and 2. , but did they expand too fast with out having a rainy day fund.

4. Gas Prices- Of course, but could they have all planned a little better?

5. 911

6. CRJ competing with them.

7. It really wasn't that bad.

Hey guys, like I said I don't know because I started flying at the end of this big down turn and I know historically the industry cycles, but I just want to know what could have been done differently in your opinions. Thanks!