Originally Posted by REF 5

You have over 250 pilots retiring over the next two years. So what they hire is basically covering attrition. No growth. On Sept 26th don't be surprised if they defer orders over the next 36 months. They are expecting almost 160 airplanes from Boeing between 2025-26. Obviously that's not going happen but importantly SWA will pull down capacity and cap ex until they can get their margins up.