My opinions

1. With XXX mainline jets parked, and a "revised business model post-COVID" (all the CEO's have said this...) this means the staffing requirements will be different. Indeed, XXX retirements but these may simply retire-down the numbers to the new-normal staffing requirements.

2. Nobody knows how soon, or even if, travel numbers will return to pre-COVID levels.

3. Some say the cheaper regionals, painted in mainline colors, may expand once this is done. Some say otherwise. UAL Kirby said this is the end of the 50-seater. What does this mean ? The new world is a bunch of 175's and CRJ-700s ? I don't know.

4. Cargo is going crazy but even cargo may be affected, if Big-3 get into the cargo business to keep the rent paid.

The CEO's themselves do not know what the new world will look like, so I doubt anybody on APC does.

Good Luck