Originally Posted by chrisreedrules

Sure... But you do realize all leverage is gone. And regionals never had a ton of leverage to begin with. The only saving grace for regionals for the past few years has been the exponential growth the legacies were trying to support necessitating throwing money at staffing the regionals. That has ended as of February 2020.

Make no mistake, the legacies will not be thinking strategically so to speak in the coming months. They will be thinking only of survival. Low cost over performance is going to become a critical factor all over again and watch... the whipsaw is alive and well. Get ready for it. Only this time the need to reduce capacity is more critical than it was in prior industry events. This is going to get nasty.