The problem is that JetBlue, Frontier, and Spirit, all are not very profitable or losing money on their own. They all need to mount up with somebody else and make some money. I think Spirit and Frontier are perfectly situated to be each other’s partners. That leaves JetBlue out in the cold,. I could see a JetBlue/Alaska merger, but Alaska is trying to merge with Hawaiian, I think another merger would screw things up, mergers are hard.

Luckily, I don’t really see any place or anyone for Delta emerge with. I do think we need to have a hub in Austin, Texas, it’s perfect geographic location, lots of good O/D traffic there.

I see United going for JetBlue, the only problem there is they have such an operation in Newark, I don’t think they could hold onto both JFK and Newark hubs. Operationally I just think it would be a mess.