Historically, is this something where one company leads and all others follow? Does it become an industry wide event? Or just one where it affects companies here and there? How does a parent company pause in hiring affect the wholly owned regionals?

We know about certain majors putting a stop on hiring (Spirit/Southwest, etc.). Now we're seeing GoJet delay classes until 2025. American is pausing their own classes through the summer.

Does this trickle down to Envoy? We all know about the new aircraft coming to Envoy in 2024 - they've been touting every new addition each time on social media. Does that mean hiring doesn't stop here, or will American dictate a slowdown as well for their child companies?