I’d wait until we see several months in a row of classes not meeting planned capacity to make such a statement. I’m not saying that it may not be the case, but this movie has been played over and over before. Single class falls short of planned numbers - Pilot Facebook page and APC blows up that we can’t fill classes and it’s time to dust off the resumes because we’re all screwed - Next class is back at planned numbers.

The next 2-3 classes will be telling. In any case, the hotels, the increasing “bonuses”. I’d imagine we’re getting towards the bottom. I guess it’s just a question of “when?”.