The thing is, DEN is booming. I was there during a bank of flights the other day and it was packed to the gills with planes occupying the vast majority of gates. Departures are fairly level, slightly down. We aren’t losing real estate in Denver. We are in those other bases. ATL, OAK, and to an extent LAX are looking pretty slim these days. LAX has construction woes to blame it on. The others, not so much.
The company will eventually start closing bases. If I lived in ATL, I would be very nervous. It has no future outside of being a tiny crew base with no growth allowed by a competitor that SWA chooses not to compete with quite on purpose.