I think the business model of regionals is on shakey ground for the near future. It’s hard to predict what will happen to any of them. Even WO jobs aren’t safe if the legacies bring the planes in house but don’t staple (think about it for a few minutes and you’ll realize that’s more likely than a staple).

I was shocked by the amount of pay AA was willing to throw at regionals this past summer to preserve the model. But even that was a two year temporary bandaid. Is AA going to think it’s worthwhile enough to extend it? What happens if they don't? Just how long are the legacies going to be willing to overpay for regionals just to preserve the model?