Yet another myopic "capacity discipline"



as we provide a steady supply of market share for cut throat competitors. The double whammy is we shrink, and therefore face rising unit costs, while those we provide the capacity relief to grow into enjoy the lower costs they have anyway, amplified by cost reducing growth provided by us in the first place.

How many airframes do the (so called) LCC's have on order again? Well at least it buffs our quarterly results. For now.