As bad as it is, it is increasing by 20% week over week. When Disneyland/World, Las Vegas, and Hawaii have been open for 30 days and bookings are analyzed, then we will know how things will settle in. Until then it is like trying to guess how many people will eat dinner at a New York City Restaurant on October 1.
People are getting pretty anxious. Maybe too anxious. The flood gates will indeed open and things will improve - dramatically from where they are. Will it be like last year - nope. Will there be furloughs - yep. However, my prediction is Jan 2021 will be 75% of Jan 2020 for Southwest. The legacies will only be 60% because of their international percentage impact.
Just my thought — If Gary plays an offensive, market share strategy (and I personally think he will), all of Southwest planes could be back Up and running by March/April 2021. This window of opportunity will close for him within 12-18 months. If he wants market share, he has to get it in the next 12 months.