While being wholly owned can be a double edge sword, I can't help but think it is going to be the WO that thrive over the next couple of years. Regional airline profit margins are razor thin, and WO's are viewed as cost centers not profit centers. There is little advantage to a mainline partner outsourcing its flying to publicly held companies that have shareholders to answer too. Watch the roadshow video on the new Mesa TA, they do a good job of explaining it IMO. Or maybe Im drinking too much Kool-Aid...