Alfaromeo, that was a good historical analysis. I used to think that ALPA and the major carriers goofed by not "capturing" all the regional flying for themselves from day one, but now I'm not so sure it could have been done or would have made any difference. Deregulation just made it too easy for new drillers to tap into what used to be our exclusive "oil lease", and there's only so much oil. Thousands of new pilot jobs were created, but at the expense of the relative few who were (or would have become) the lucky ones under regulation. Perhaps wages could be forced back up, but only by a pilot shortage or re-regulation, and I don't see either one happening.