In general, and based on line flying conversations, there are many who believe Hawaiian will eventually merge with someone. That was before SWA even sniffed Hawaii. I am one of those that always believed eventually we would be bought or merged with another Legacy. Just the natural progression of business and the way consolidation has occurred in the past decade+.

Do I think it'll be SWA? Absolutely not. Nothing about our business models matches. The only people who seem to believe SWA will buy us are the diehard SWA koolaid drinkers who think just because they are finally flying somewhere interesting they must be buying Hawaiian. (maybe it's widebody envy??!!)

I feel it will be one of the big 3 who covet our international routes and brand. On a personal note if it does happen, SWA is at the bottom of my list of hopefuls.

You mentioned bankruptcy..... We are still profitable given our small size. I should say our margins look good compared to many airlines and our relative size. Bankruptcy hasn't crossed anyone's mind as far as I can tell. There are a lot of things that could go right or wrong over the next few years.. Economy, Fuel, Competition, god forbid an accident of some sort. Bankruptcy of an airline our size could happen but we certainly aren't planning on it because Southwest is flying a few 737's over here next week.

IMO, we will eventually merge with someone because the board will see a dwindling profit margin and low returns to shareholders. The transportation industry in general is in a downward trend. Fuel prices have slowly risen and fallen. Capacity is increasing to a point where retrenching may start to occur. At some point they will decide to cash out at whatever premium they can negotiate. Just my personal opinion.