Growth of earnings which would come from growth of fleet (whether it be organic or codeshared) Yeah I know we don't like codeshare, but I am talking about their ability to grow earnings which attracts investors. Dividends and a good balance sheet will only go so far. They have to grow or else the big money will eventually abandon ship for companies that are growing earnings at a higher rate which translates to a better stock price. So.... The pilots' scope clause is onerous to allow much growth going forward. They need to provide some sort of product that they do not now offer. (1st class, international... something) The only way out of it is to add a second or third aircraft type.... or... get rid of the scope clause. But to answer the question more directly, I am looking at it from an investment perspective which will drive management's tactics. They are handcuffed by 2 things: Their fleet (the 737 is played out in all the markets that make it efficient, and profitable markets are all drying up) and that scope clause. Something has to give.....