100% and not disagreeing with you; like PipeMan said, as a percentage drop from even earlier in 2024, let alone the outlook in 2023 for '24, '25+, is telling. United Next hype has died down.

It's very clear that slowed aircraft deliveries are the primary hindrance to growth, but overall economic conditions seem like there may be some softening and uncertainty growing. In terms of the sector, obviously both United & Delta are producing strong earnings for now, but there's definitely been a shift amongst the low cost carriers.

I don't think United Next is untenable, but it's clear the growth trajectory projected by end of the decade from the past 2-3 years isn't coming to fruition. As previously stated in the thread, Boeing is largely to blame for the pullback in hiring.