Facts are facts whether they are the ones we wish or not. Regionals are starting to fail, despite substantial pay increases as their CAs are being hired away. The FOs are going to go somewhere, if only to get a new type and more 121 hours to become competitive - even with NKs first year pay.

But the under utilized inventory is still an overhead cost. When you are flying more than ever before with more aircraft than ever before yet still not making money, you can’t keep it up forever. Management can either do something to increase retention or start selling aircraft delivery slots and I don’t think JetBlue would put up with the latter.