Well, I think that PSA has a ton of aircraft deliveries due through 2017. I do not think we will stop taking the deliveries. Even IF they end up parking the CRJ200s on a one-for-one basis to take delivery of the remaining CRJ900 options or to resume AAG's transfer of the 700s from Envoy, it will still mean net growth.

There are unique issues for every single regional out there right now. I'm not so sure that any of them are going to be able to hire the number of pilots they say they want.

Most of the regionals offering good first year pay, don't offer a quick upgrade. The upgrades and movement haven't stopped at PSA. According to management, we are staffed for current flying. I would expect contractual improvements to pay and flow this year and a new hiring wave. The difference between us and a lot of other regionals are that we are a wholly-owned regional. Despite the drawbacks that Envoy, Piedmont, and PSA may have, the facts are that AAG has invested quite a bit in us and they will not want us to fail. They have now instituted a collegiate program for students to come to one of the wholly-owneds and eventually flow up to American. I think that alone speaks to the fact that we will be around for quite some time.

If you live in a PSA base then I think it's a no-brainer. If you are going to commute, pick a decent airline with a relatively easy 1 leg commute. If you want to move and live in base, pick an airline that has a base where you want to live. If I were looking at regionals today, I would be looking at Piedmont, CommutAir, and Endeavor. PSA is still attractive for many reasons, but those 3 have it going on a little bit more than we do at the moment.