Right now in the airline industry, there is a year worth of change in a month, and a decade worth of change in a year.

The flows CAN get up to 8. That is true. It was last June and it is still now.

The problem is that AAG screwed the pooch and did not keep up with the industry and remain competitive. They have this illusion that people will value going to a wholly owned airline for some sort of perceived stability. At the same time, however, Parker himself said that he would gladly take flying away from his wholly owned regionals if the contract carriers could do it cheaper.

At this point, I think that all of the majors have a "plan", but that plan will likely have to change every few months. The future is just too uncertain.