Hedley

They could do anything that they want, but they’d still be paying for the slots. If they think that spending that money is worth keeping those slots for future use, or just to keep the competition from getting them, they will. If they feel that dropping certain markets, changing equipment and frequency, or letting slots go makes more sense, they may do that too. When the turboprops were phased out for the 50 seat jets, some markets were dropped, some grew due to improved service, and some remained unchanged. The same thing will happen going forward. If during and after the recovery the airlines see a value in 50 seat jets to service small communities or to protect slots, they’ll keep them around until they just wear out, if they see more value somewhere else, the decision on when to retire them could be accelerated.