It doesn't have to be either/or. LCC did a major divestment in NYC just in time for all this to play out perfectly in the next year or two potentially. That will also force SWA's hand though. AA, LCC and SWA will need a bigger NYC presence, particularly at JFK for international feed.

We blew a billion and a half dollars on a terminal extension/demolition that will end up giving us about the same number of gates or less as we have now, plus a long busride to connect terminals. A billion and a half dollars just for a nice alleyway for ramp flow? Not buying that theory for a second. Something is up big time and it could involve a lot of players and some interesting deals.