Again, expect a delay due to hiring stopping or slowing dramatically due to PBS/INT-DOM. PHX will likely close and/or possibly be consolidated into LAX as a satellite. No growth is anticipated through 2018 and all aircraft deliveries are for retirements only. The options are as yet unexercised.

There are multiple aspects already factored in that are virtually certain to negatively impact the Envoy flow from the Pollyanna projections that some at Envoy are desperately clinging to. Should the unforeseen more serious situations occur, such as an economic collapse in the U.S. or abroad affecting the U.S., war breaking out in the middle east once again spiking oil prices back up to the $120-150/barrel range (putin is scheming to make this happen as we speak and the Saudis are attempting to right now) or terrorism rears its ugly head here again (long overdue actually), well........then things get really unpleasant for the lollipop lickers.

Ahh....if life and this industry was only the Katy Perry video with candy canes and California Gurls that many plan it to be would things be grand.

Ostrich holes are sure quiet on the ears though, eh ?