Yes. It's exactly what happened to ExpressJet. As soon as CAL was contractually allowed to pull 25% of Expressjet's flying, they did. It immediately went to the lowest bidder..CHQ. Compass is nowhere near the size of AE, so that's apples to oranges. And ASA did lose CRJ200 flying, but found a home for them under the United banner.

Unfortunately, it's the nature of the whipsaw game.