Just my $.02:

The CEO talks about buying 777's for less than $10M.

I can't see him buying new smaller jets for many times that number.

I would expect us to obtain more "hand me down" E-190's; either from Boeing trade in type deals or from the coming implosion of the puppy mills.

I don't see us getting very many large jets in the next decade or so. The model of letting the JV's do the big jet flying, and us do the hub feeding with about the current level of large jets, is what makes money. I don't see the head shed changing this model.

I do see us doing more smaller jet flying as the commuters fold up.

BTW, anyone have any thoughts on the Mitsubishi small jet?