I'm not so sure. Fuel prices continue to rise and/or stay high, $100/barrel is gonna' be a sustained price soon. The world is running out of oil, and China and India need more of it each day.

In that environment, a company that runs inefficient aircraft (Md-80's are not gas sippers, just ask AA how badly they're hurting now that Boeing and Airbus have postponed the development of a replacement of the 73 and A320 platforms) and low margin travel and charters is not well positioned to weather a continued rise in fuel costs (no premium passengers or expansive network to spread the costs to).

Of course, nobody thought JFK was a good airport to fly out of either in the mid 90's. Now its so popular they want to restrain capacity there. Today's idiot is tomorrow's genius in this industry, it seems. Allegiant could be the next big thing.