I believe this to be nonsense. U/LCCs will be impacted on a similar level as demand continues to drops. Furthermore, the legacy drawdowns will be designed to be stood back up very quickly to protect those valuable markets. The main thing that matters is cash and which of these players have enough or at least good access to more as time goes on. I don’t see any one airline or group of airlines having an advantage right now in the short term. It will most likely truly be survival of the fittest.