To me it looks like he separated the 5 little guys into two groups. Jet Blue and Virgin in one, which he says “has been pushed towards the legacy airline type of operations to attract passengers” and Spirit and Allegiant in the other which he identifies as ULCC’s. He then says he is taking Frontier in the ULCC direction. Unless J.B. or virgin were to adopt the ULCC model I can’t see how they would be part of a merger with Frontier. That leaves two choices and one of those is the airline he is using to clone Frontier from. Now add in the bridge contract rumors the fact that both airlines just announced the outsourcing of personal. I’m not saying this is something that I want, but this thing is starting to walk and talk like a duck.