If a city pair had five flights a day and now it has three and the other two flights are represented by airplanes parked and sitting idle would it be profitable? My guess is not even with those three flights full. Those three full flights have depressed pricing and your capacity is down to 60% on this city pair from pre-Covid which would be incredibly optimistic these days. This is what I see on our very best routes. Factor in the city pairs that aren’t as good across the airline and I don’t see any way we could be profitable in the 3rd quarter.

This also feels a bit like June where traffic was way up and then the surge in cases hit the news and bookings took a nose dive. We will have to wait a couple weeks to see how today’s scary Covid news affects bookings. I don’t think it’s going to be good.