In short, neither. It's a system wide domicile adjustment. It adjusts capacity and arrival/departure times and schedules. The capacity can be adjusted by increasing or decreasing capacity on certain routes and adjusting times to accommodate layover times and such.

As stated on the call, they are planning on adding capacity on certain routes by replacing type of aircraft flown. It was specifically stated about the exchange of 50 to 76 seats in the same conversation of banking.

They said by banking such times it will improve revenues and net profits by the millions of dollars (I don't recall the exact amounts mentioned if it did.).

In my opinion, Winkley and company are not bluffing on many matters. It might not be all spelled out exactly how it might be, but at the same time they ARE going to adjust capacity and distribution of flying especially at some of Eagle's domiciles....with our without Envoy flying it. That's the impression I got after listening to the conference call and reading Winkley's letter.