Future start ups will hopefully continue to get crushed. But VX, JB, Spirit and a couple others are stuck in permanent growth mode and will spam capacity domestically, at a likely increasing rate. Just wait til VX gets a billion in play IPO money to capacity dump and yield trasn with, not to mention the rest. The fake royal dual subsidized Gulf carriers and some Asian carriers will also spam capacity. Especially if they think (and why wouldn't they?) that the big 3 or 4 here lead by DAL will accomidate their growth by pulling down to preserve yields?

PS or not, this is a collision course with destiny that this current management team (at all the legacies) will have to face. Their current stratedgy or ducking and running and gifting capacity to fuel their competitor's growth will not work at all long term. It remains to be seen which ones, if any, have the executive talent to be up to the task. Especially when it will be a very expensve war, at least short-medium term, to fight. Its far more profitable in the short term to execute a losing stratedgy in the long run.