That's my point. How can there be an overcapacity issue if deliveries are currently delayed? Once those piplines start to deliver over the next 1-2 years, the basic economy capacity at the majors will just grow larger. They aren't replacing A319/A320 and 737-800 with equal birds - they are upguaging them with A321s and Max 10s..... guess where those extra seats go? Basic economy; the killer of LCCs.

If we can't compete with the current capacity, there no way we compete with future capacity. That being said - I think the one caveat to this is a large carrier exiting the market. We'll see.